From the following particulars taken out from the books of Subhash General Store, prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:-
Solution:-
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From the following balances, prepare Trading, Profit and Loss A/c and a Balance Sheet as at 31st March, 2023 Opening Stock ₹ 20,000 Purchases ₹ 2,92,000
Solution:- Hints: (1) Depreciation on Furniture will be calculated as follows:- on ₹ 58,000 for one year, and on ₹ 5,000 for six moths. (2) GST will be calculated on Loss by Fire, goods used by Proprietor and goods distributed…
From the following balances, prepare Trading and Profit and Loss A/c for the year ended 31st March 2023 and a Balance Sheet as at that date:
Solution:-
Prepare a Trading and Profit & Loss account for the year ending March 31, 2023, from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet as at that date.
Solution:-
Extract of a Trial Balance as at March 31, 2017 is as follows: Sundry Debtors – ₹ 1,02,000 Bad Debts – ₹ 1,400 Provision for Doubtful debts – ₹ 3,400
Solution:- Working Notes:-
From the following figures, prepare the Trading and Profit and Loss Account for the year ended 31st March, 2023 and the Balance Sheet as at that date
Solution:-
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:-
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
Solution:-
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.