From the following balances, prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date Capital A/c 1,00,000 Plant and Machinery 40,000
From the following balances, prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date:
|
Capital A/c Plant and Machinery Sundry Debtors Sundry Creditors Drawings Purchases Wages Bank Opening Stock |
1,00,000 40,000 24,000 12,000 12,000 1,05,000 50,000 10,000 20,000 |
Returns Outward Rent Sales Manufacturing Expenses General Expenses Bad Debts Carriage Inwards Bills Payable Returns Inward |
5,000 4,000 1,64,000 8,000 7,500 2,000 1,500 7,000 4,000 |
Closing Stock on 31st March, 2022 was valued at ₹ 14,500.
Anurag Pathak Changed status to publish October 26, 2023
