Question: Question 2 (10 Marks) From the information given below for Riya& Luc enterprises, prepare Trading and Profit and Loss Account for the year ending 31st

Question 2 (10 Marks) From the information given below for Riya& Luc enterprises, prepare Trading and Profit and Loss Account for the year ending 31st December, 2020 from following information: Stock (1-1-2020) Purchases Wages Carriage Purchases returns Export duty Sales Coal & coke Sales returns Printing & stationery Stock (31-12-2020) 2,00,00 Salaries 2,55,00 Rent, rates & taxes 1,00,00 Depreciation 5,00 Repairs 13,25 Discount allowed 9,00 Bad debts 5.75,00 Advertisement 25,00 Gas & water 10,00 Factory lighting 2.25 General expenses 3,00,00 30,00 12,00 3,02 6,00 12,50 9,00 2,50 1.50 2.50 4.00 3.00,00

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