financial statement
Following a transaction of Krishna on 31st March 2025, capital 8 lakh, drawing 60,000, opening stock 75,000, purchases 15,95,000, right on purchases 25,000, then wages for 11 months up to February 25 is 66,000, then sales is 23,10,000, then salary is 1,40,000, then postage and courier 12,000, printing and stationery 18,000, miscellaneous expenses 30,000, creditors 3,00,000, investment 1,00,000, discount received 15,000, debtors 2,50,000, bad debts 15,000, then provision for the outpoured debts 8,000, building 3,00,000, then machinery 5,00,000, furniture 40,000, commission on sale 45,000, then interest on investment 12,000, insurance up to 31st July 2025 24,000, bank balance 1,50,000, adjustments, closing stock 2,25,000, machineries of 45,000, purchased on 31st October 24, the 24 was shown as purchases, right paid on the machinery was 5,000 which is include in right on purchases, commission is payable at 2.5% on sale, then investment was sold at 10% profit but the gross proceeds were credited to sale account, then writing written of further bad debts 10,000 and maintain provision for doubtful debt at 5,000 of debtors, depreciating building by 2.5% of machinery and depreciating furniture at 10% per annum, triple trading and P&L account for the 31st March and balance sheet.