Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance...

  

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Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance prepared as on 31st March 2020. [Marks:15] 2022/03/2% Particulars Dr. (Rs.) Cr. (Rs.) Cash in hand 2000 Cash in bank 18000 Purchases and Sales 220000 350000 Return inwards 6000 Return outwards 7500 Carriage on purchases Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts 4400 2100 15500 36000 6200 Bad debts provision 2500 Debtors and Creditors 82000 30000 Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts 2100 2 15500 36000 6200 Bad debts provision Debtors and Creditors Capital Investments 2500 82000 30000 217000 20000 Interest on Investments 2000 Loan from X@ 18% p.a. Repairs General expenses Land and Buildings Wages and Salaries Miscellaneous Receipts Bills payable Stationery 10000 1520 10600 180000 18000 120 5200 2000 Total 624320 624320 Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance prepared as on 31st March 2020. [Marks:15] 2022/03/2% Particulars Dr. (Rs.) Cr. (Rs.) Cash in hand 2000 Cash in bank 18000 Purchases and Sales 220000 350000 Return inwards 6000 Return outwards 7500 Carriage on purchases Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts 4400 2100 15500 36000 6200 Bad debts provision 2500 Debtors and Creditors 82000 30000 Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts 2100 2 15500 36000 6200 Bad debts provision Debtors and Creditors Capital Investments 2500 82000 30000 217000 20000 Interest on Investments 2000 Loan from X@ 18% p.a. Repairs General expenses Land and Buildings Wages and Salaries Miscellaneous Receipts Bills payable Stationery 10000 1520 10600 180000 18000 120 5200 2000 Total 624320 624320

Answer rating: 100% (QA)

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