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From the following balances extracted from the books of Anand, prepare Trading Account, Profit & Loss Account, and Balance Sheet as at 31st March, 2023:

   

Credit Balances:

Capital

Creditors

Bills Payable

Sales

Loan

Debit Balances:

Debtors

Salaries

Discount

3,60,000

87,200

25,270

7,81,820

1,20,000

38,850

40,000

10,000

Debit Balances (Contd.):

Postage

Bad Debts

Interest

Insurance

Machinery

Stock (Opening)

Purchases

Wages

Building

Fixtures and Fittings

2,730

2,870

12,950

4,170

1,00,000

99,450

6,20,920

43,000

2,37,800

 

161,550

Value of goods on hand on 31st March, 2023 was ₹ 1,43,000.

Anurag Pathak Changed status to publish October 26, 2023