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Prepare Trial Balance, Trading Account, Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet of the Premier Traders as at that date, from the following extracts of Ledger balances:

   

Proprietor’s Capital A/c

Bills Receivable

Wages

Sundry Debtors

Bank Loan

Purchases

Commission Received

Rent

Travelling Expenses

Cash

Furniture

Input CGST

Input SGST

1,19,400

9,500

40,970

62,000

20,000

2,56,590

5,640

5,620

1,880

530 8,970

5,100

5,100

Proprietors Drawings A/c

Plant and Machinery

Salaries

Sundry Creditors

Returns Inward

Sales

Discount Allowed

Stock on 1st April, 2022

Insurance

Bank (Debit Balance)

Bad Debts

Output CGST

Output SGST

10,550

28,800

14,370

60,830

2,780

3,56,430

5,870

89,680

400

18,970

3,620

4,500

4,500

Stock in Hand on 31st March, 2023 was valued at cost as ₹ 1,28,960.

Anurag Pathak Changed status to publish October 26, 2023