From the following Trial Balance and other information prepare Trading and Profit and Loss Account for the year ended 31st March 2016 and Balance Sheet as at that date. Sundry Debtors ₹ 32,000
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Following is the Trial Balance as on 31st March 2016. Prepare Trading and Profit and Loss Account and Balance Sheet: Stock (1st April 2015) ₹ 8,000 Sales ₹ 2,20,000
Solution:- Hints: (i) Stores consumed will be shown on the Dr. side of Trading A/c (ii) Security deposit of ₹ 400 will be deducted from rent and rates and will be shown on the assets side.
From the following Trial Balance of Sh. Swamy Narain, prepare Trading and Profit and Loss Account for the year ended 31st March 2023 and a Balance Sheet as at that date:
Solution:- Hints: (i) Creditors for Machinery ₹ 2,00,000 will be shown in Liabilities. Depreciation on Plant & Machinery ₹ 1,62,000. (ii) ₹ 50,000 spent on scooter stand will be added to Building. Depreciation on Building ₹ 1,50,000. (iii)…
The following Trial Balance has been extracted from the books of Shri Santosh Kumar as at 31st March, 2023
Solution:- Hints:- (1) Household Expenses means Drawings. (2) Interest on Investments shown on the Cr. side of P & L A/c will be ₹ 300 + ₹ 300 = ₹ 600. Investments shown on the Assets side will…
From the following Trial Balance of Geeta, you are required to prepare: Trading and Profit and Loss Account for the year ended on 31st March, 2019, and Balance Sheet as at that date
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From the following Trial Balance extracted from the books of Sh. Pawan Kumar, prepare a Trading Account, Profit & Loss Account for the year ended 31st March, 2024 and a Balance Sheet a at that date:
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From the following Trial Balance of Mr. Alok, prepare Trading and Profit & Loss Account for the year ending 31st March, 2024, and a Balance Sheet as at that date:
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Prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2023 from the following Balances of Mr. Sardari Lal:
Solution:- Hints:- (1) Creditors Trade and Creditors Expenses, both will be shown on the Liabilities side. (2) Insurance is prepaid for the two months of April and May. As such, the Prepaid Insurance will be ₹ 1,200 x 2/12…
On 31st March, 2023 the following Trial Balance Was extracted from the books of Sh. Ghanshyam Das
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From the following Trial Balance, extracted from the books of Raga Ltd., prepare a Trading and Profit and Loss Account for the year ended 31st March, 2023 and a Balance Sheet as at that date:
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