The following trial balance is extracted from the books of M/s Ram on March 31, 2005. You
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The following trial balance is extracted from the books of M/s Ram on March 31, 2005. You are required to prepare trading and profit and loss account and the balance sheet as on date :
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Account title Debtors: Purchases Coal, gas and water Factory wages Salaries Rent Discount Advertisement Drawings Loan Petty cash Sales return Machinery Land and building Income tax Furniture Amount Rs. 12,000 50,000 6,000 Account title 100 9,900 Apprenticeship premium Loan Bank overdraft Sales 11,000 9,000 4,000 Capital 3,000 500 1,000 6,000 500 1,000 5,000 10,000 Creditors Amount Rs. 5,000 10,000 1,000 80.000 13,000 20,000
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