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Following are the balances as on 31st March, 2023 extracted from the books of Dass:

   

Sales

Purchases

Returns Inward

Returns Outward

Stock on 1st April, 2022

Carriage Inwards

Rent

Discount

Printing

Insurance

Travelling Expenses

9,20,000

6,83,000

13,000

22,000

1,76,000

24,000

22,000

37,500

7,200

5,000

14,000

Postage and Courier

Miscellaneous Expenses

Bad Debts

Debtors

Creditors

Loan from Sahil

Capital

Drawings

Business Premises

Furniture

6,200

9,000

4,000

2,20,000

1,28,000

50,000

5,25,000

19,100

3,90,000

15,000

The Stock on 31st March, 2023 was valued at ₹ 2,40,000.

Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023.

[Gross Profit – ₹ 2,86,000; Net Profit – ₹ 1,81,100; Balance Sheet Total – ₹ 8,65,000.]

Anurag Pathak Changed status to publish October 12, 2023
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