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From the following balances, prepare Trading Account, Profit & Loss Account and Balance sheet:

Debit Balances:

Machinery

Debtors

Drawings

Purchases

Wages

Bank

Opening Stock

35,0000

27,0000

9,0000

95,0000

50,0000

15,0000

20,0000

Debit Balances (Contd):

Rent

Sundry Expenses

Carriage

Credit Balances:

Capital A/c

Creditors

Sales

4,5000

2,0000

1,5000

1,00,0000

14,0000

1,45,0000

Closing Stock was valued at ₹ 30,000.

Anurag Pathak Changed status to publish October 26, 2023
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