Prepare Trading and Profit & Loss Account and Balance Sheet of Jagat as at 31st March, 2023 from the following balances:
Prepare Trading and Profit & Loss Account and Balance Sheet of Jagat as at 31st March, 2023 from the following balances:
|  | ₹ |  | ₹ |
|
Capital (Cr.) Machinery Sales Purchases Sales Return Stock on 1st April, 2022 Drawings Wages Carriage Inwards |
3,60,000 70,000 9,20,000 5,00,000 10,000 1,00,000 40,000 1,00,000 5,000 |
Salaries General Expenses Rent Purchases Return Debtors Cash Carriage Outwards Advertising Creditors |
60,000 20,000 50,000 5,000 3,00,000 40,000 20,000 20,000 50,000 |
Closing Stock was valued at ₹ 2,00,000.
[Gross Profit – ₹ 4,10,000; Net Profit – ₹ 2,40,000; Balance Sheet Total – ₹ 6,10,000.]
Anurag Pathak Changed status to publish October 12, 2023
