From the following balances extracted from the books of Anand, prepare Trading Account, Profit & Loss Account, and Balance Sheet as at 31st March, 2023:
From the following balances extracted from the books of Anand, prepare Trading Account, Profit & Loss Account, and Balance Sheet as at 31st March, 2023:
|  | ₹ |  | ₹ |
|
Credit Balances: Capital Creditors Bills Payable Sales Loan Debit Balances: Debtors Salaries Discount |
3,60,000 87,200 25,270 7,81,820 1,20,000 38,850 40,000 10,000 |
Debit Balances (Contd.): Postage Bad Debts Interest Insurance Machinery Stock (Opening) Purchases Wages Building Fixtures and Fittings |
2,730 2,870 12,950 4,170 1,00,000 99,450 6,20,920 43,000 2,37,800
161,550 |
Value of goods on hand on 31st March, 2023 was ₹ 1,43,000.
Anurag Pathak Changed status to publish October 26, 2023
