From the following trial balance of Mr. Jaydeo, prepare Trading and Profit and Loss account for...

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From the following trial balance of Mr. Jaydeo, prepare Trading and Profit and Loss account for the year ended on 31st March, 2017 and Balance sheet on that date. Debit Balances Amount Amount Credit Balances Sundry creditors Sales Bad debts reserve Commission Capital A/c Purchases Insurance Rent, rates and Taxes Office expenses Land and Building Plant and Machinery Furniture Carriage Inward Sundry Debtors Stock on 1.4.2013 Wages and Salary Cash in Hand Cash at Bank Drawings: 1,09,000 3,700 14,600 7,300 3,00,000 60,000 15,000 3,700 88,000 32,800 28,600 4,700 40,200 2,000 7,09,600 45,600 1,94,000 2,000 5,500 4,62,500 @20% p.a. 4.Provide 5% RDD on sundry debtors 7,09,600 Adjustments: 1.Closing stock value *22,600 2.Furniture purchased on 1st October 2012 of 10,000 wrongly included in Purchase a/c. 3.Depreciate Land and Building @ 10% p.a., Plant and Machinery @ 10% p.a. and Furniture From the following trial balance of Mr. Jaydeo, prepare Trading and Profit and Loss account for the year ended on 31st March, 2017 and Balance sheet on that date. Debit Balances Amount Amount Credit Balances Sundry creditors Sales Bad debts reserve Commission Capital A/c Purchases Insurance Rent, rates and Taxes Office expenses Land and Building Plant and Machinery Furniture Carriage Inward Sundry Debtors Stock on 1.4.2013 Wages and Salary Cash in Hand Cash at Bank Drawings: 1,09,000 3,700 14,600 7,300 3,00,000 60,000 15,000 3,700 88,000 32,800 28,600 4,700 40,200 2,000 7,09,600 45,600 1,94,000 2,000 5,500 4,62,500 @20% p.a. 4.Provide 5% RDD on sundry debtors 7,09,600 Adjustments: 1.Closing stock value *22,600 2.Furniture purchased on 1st October 2012 of 10,000 wrongly included in Purchase a/c. 3.Depreciate Land and Building @ 10% p.a., Plant and Machinery @ 10% p.a. and Furniture

Answer rating: 100% (QA)

Answer Trading ac Particular Amount Particular Amount Opening stock 32800 Closing ... View the full answer