Question: m the following ,00: Net able value was estimated at 60,000. Account for the year ended 31st March, 2018 and Balance Sheet as at that
m the following ,00: Net able value was estimated at 60,000. Account for the year ended 31st March, 2018 and Balance Sheet as at that date: Loss-2,20,000; Balance Sheet Total- 8,30,000.1 balances taken from the books of Hari & Co., prepare Trading and Proft and Loss Capital Building Machinery 3,50,000 Salaries 1,87,500 Discount Allowed 11,100 92,500 Interest on Investments 35,000 Stock (1st April, 2017) 3,000 1,000 1,65,000 50,000 6,35,000 4,68,500 Debtors Investments 35,000 Bills Payable General Expenses Rent Paid Proprietor's Drawings Electricity Charges 8,000 Sales 37,100 Purchases 6,500 Wages 1,900 Cash in Hand 8,500 Sundry Creditors 30,000 Returns Inward 1,100 25,000 18,000 ,00,000 Carriage Inwards Cash at Bank Returns Outward 4,500 Closing Stock was value at 1,82,100. [Gross Profit1,46,700; Net Profit-86,600; Balance Sheet Total-5,80,100) Hint: Investment is an asset. Thus, interest on Investments is an income.]
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