Question: The books of aranarasu show the following balances as on 31st december 2011. You are required to prepare a trading and profit and loss

The books of aranarasu show the following balances as on 31st december 2011. You are required to prepare a trading and profit and loss

The books of aranarasu show the following balances as on 31st december 2011. You are required to prepare a trading and profit and loss account and balance sheet.. Stock on 1st january 2011 Sales Bills payable Purchases Salaries and wages Rent Travelling expenses Sundry creditors Postage and telegrams General charges Printing and stationery Capital account Interest and commission Lighting charges Rs. 67,000 4,88,000 9,800 1,100 2,600 620 2,250 350 2,200 175 Rs. 5,24,600 1,500 57,000 75,000 Repairs Sundry receipts Furniture Bills receivable Bad debts Sundry debtors Aranarasu's current account Cash with bank Cash in hand 35 3,000 4,000 475 85,000 6,500 2,170 6,75,275 175 17,000 6,75,275 Depreciate furniture by 6 percent. Outstanding salaries and rent were rs.1,100 and rs.100 respectively. Stock at 31st december 2011 was valued at rs.70,350.

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