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From the following balances as on 31st March, 2023, prepare Trading and Profit & Loss Account and Balance Sheet:

   

Capital Account

Plant and Machinery

Sundry Debtors

Sundry Creditors

Life Insurance Premium

Purchases

Wages

Bank

Stock (1st April, 2022)

1,00,000

40,000

24,000

19,000

12,000

1,05,000

50,000

10,000

20,000

Returns Outward

Rent

Sales

Manufacturing Expenses

General Expenses

Bad Debts

Carriage

Returns Inward

5,000

4,000

1,64,000

8,000

7,500

2,000

1,500

4,000

Closing Stock on 31st March, 2023 was valued at ₹ 14,500.

[Gross Loss – ₹ 5,000; Net Loss – ₹ 18,500; Balance Sheet Total – ₹ 88,500.]

Anurag Pathak Changed status to publish October 12, 2023
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