0

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