The following is the Trial Balance of Atul as at 31st March, 2023: Capital 50,000 Drawings 10,000 Debtors 34,000 Creditors 24,000
The following is the Trial Balance of Atul as at 31st March, 2023:
| Head of Accounts | L.F. | Dr. Balance ₹ | Cr. Balance ₹ |
|
Capital Drawings Debtors Creditors Adjusted Purchases Sales Sales Return Bank Loan Interest on Loan Cash in Hand Miscellaneous Income Wages Furniture Carriage Outwards Carriage Inwards Salaries Rent Bad Debts Discount Allowed Discount Received Insurance Commission Closing Stock |
 |
– 10,000 34,000 – 75,700 – 1,500 – 300 3,000 7,500 – 6,000 33,900 4,500 5,000 12,000 18,000 600 5,000 – 2,000 – 15,000 |
50,000 – – 24,000 – 1,31,000 – 10,000 – – – 1,000 – – – – – – – – 2,600 – 15,400 – |
| Total | Â | 2,34,000 | 2,34,000 |
Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2023 and Balance Sheet as on that date:
[Gross Profit – ₹ 42,800; Net Profit – ₹ 19,400; Balance Sheet Total – ₹ 93,400.]
Anurag Pathak Changed status to publish October 12, 2023
