Prepare Trial Balance, Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Premier Traders as at that date, from the following extracts of Ledger balances:
Prepare Trial Balance, Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Premier Traders as at that date, from the following extracts of Ledger balances:
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Proprietor’s Capital A/c Bills Receivable Wages Sundry Debtors Bank Loan Purchases Commission Received Rent Travelling Expenses Cash Furniture Input CGST Input SGST |
1,19,400 9,500 40,970 62,000 20,000 2,56,590 5,640 5,620 1,880 530 8,970 5,100 5,100 |
Proprietors Drawings A/c Plant and Machinery Salaries Sundry Creditors Returns Inward Sales Discount Allowed Stock on 1st April, 2022 Insurance Bank (Debit Balance) Bad Debts Output CGST Output SGST |
10,550 28,800 14,370 60,830 2,780 3,56,430 5,870 89,680 400 18,970 3,620 4,500 4,500 |
Stock in Hand on 31st March, 2023 was valued at cost as ₹ 1,28,960.
Anurag Pathak Changed status to publish October 26, 2023
