From the following balances of Anand, Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023:
From the following balances of Anand, Prepare Trading Account, Profit & Loss Account and Balance Sheet as at 31st March, 2023:
|  | ₹ |  | ₹ |
|
Credit Balances: Capital Creditors Sales Bad Debts Recovered Loan Debit Balances: Debtors Salaries Discount Fixtures and Fittings |
4,60,000 1,12,470 7,81,820 1,750 1,20,000
38,850 40,000 10,000 1,61,550 |
Debit Balances (Contd): Postage Bad Debts Interest Insurance Machinery Stock (Opening) Purchases Wages Building Selling Expenses |
2,730 2,870 12,950 4,170 1,00,000 99,450 6,20,920 43,000 3,37,800 1,750 |
Value of goods on hand (31st March, 2023) was ₹ 1,43,000.
[Gross Profit – ₹ 1,61,450; Net Profit – ₹ 88,730; Balance Sheet Total – ₹ 7,81,200.]
Anurag Pathak Changed status to publish October 12, 2023
