Following Trial Balance has been drawn from the books of Prasad on 31st March, 2023:
Following Trial Balance has been drawn from the books of Prasad on 31st March, 2023:
| Particulars | Dr. (₹) | Particulars | Cr. (₹) |
|
Machinery Cash at Bank Cash in Hand Wages Purchases Stock on 1st April, 2021 Sundry Debtors Bills Receivable Rent Commission General Expenses Salaries |
40,000 10,000 5,000 10,000 80,000 60,000 44,000 29,000 4,500 2,500 8,000 5,000 |
Capital Sales Sundry Creditors Interest Received |
90,000 1,60,000 45,000 3,000 |
| Â | 2,98,000 | Â | 2,98,000 |
Additional Information:
(i) Outstanding salaries were ₹ 4,500.
(ii) Depreciate Machinery at 10%.
(iii) Wages Outstanding were ₹ 500.
(iv) Stock on 31st March, 2023 ₹ 80,000.
Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date.
Anurag Pathak Changed status to publish October 26, 2023
