From the following Trial Balance extracted from the books of Joseph, prepare Trading and Profit & Loss Account for the year ending 31st March, 2025 and a Balance Sheet as at that date:-
Solution:-
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Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date from the following Trial Balance
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On 31st March, 2025 the following Trial Balance was extracted from the books of Roshan Brothers:-
Solution:- Hint: Returns shown on the Dr. side of Trial Balance will be treated as sales returns and returns shown on the Cr. side will be treated as purchases returns.
From the following Trial Balance of Rahim prepare Trading and Profit & Loss Account for the year ended 31st March, 2025 and Balance Sheet as at that date:-
Solution:- Hint:- Income Tax is the ‘personal expenses’ of the Proprietor, as such it will be treated as Drawings.
The following are the balances extracted from the books of Tej Enterprises as on 31st March, 2025. From these balances, prepare his Trading and Profit & Loss Account and Balance Sheet as at that date:
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From the following balances of the Ledger of Sh. Akhileshwar Singh, prepare Trading and Profit & Loss Account and Balance Sheet
Solution:- Hints:-
From the following balances extracted from the books of Sh. Badri Vishal on 31st March, 2023, prepare a Trading Account, P & L A/c and a Balance Sheet. Closing Stock valued on that date was ₹ 15,000
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Following is the Trial Balance of Sh. Diljeet as at 31st March, 2025:- Prepare a Trading and Profit and Loss Account for the year ended on 31-3-2025
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Calculate operating profit from the following: Net Profit ₹ 5,00,000 Dividend Received ₹ 6,000
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Calculate the amount of gross profit, operating profit and net profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2023
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