Prepare Trading and Profit & Loss Account and Balance Sheet from the following balances, relating to the year ended 31st March, 2023: Capital 1,00,000 Creditors 12,000
Prepare Trading and Profit & Loss Account and Balance Sheet from the following balances, relating to the year ended 31st March, 2023:
|  | ₹ |  | ₹ |
|
Capital Creditors Returns Outward Sales Bills Payable Plant and Machinery Sundry Debtors Drawings Purchases Returns Inward |
1,00,000 12,000 5,000 1,64,000 5,000 40,000 24,000 10,000 1,05,000 3,000 |
Wages Bank Repairs Stock on 1st April, 2022 Rent Manufacturing Expenses General Expenses Bad Debts Carriage Fuel and Power |
50,000 10,000 500 20,000 4,000 8,000 7,000 2,000 1,500 1,000 |
Additional Information:
(i) Closing Stock was valued at ₹ 14,500.
(ii) Depreciate Plant and Machinery by ₹ 4,000.
(iii) Write off Bad Debts ₹ 5,000.
(iv) A sum of ₹ 400 is due for repairs.
Anurag Pathak Changed status to publish October 26, 2023
