Accountancy, asked by abelthomas003, 3 months ago

10. Following balances are extracted from the books of Mohan Lal & Sons on
31st March, 2020, prepare a Trading Account, Profit & Loss A/c and a
[Ans. Gross profit 37,160;
Balance Sheet. Closing stock was valued on that date 3 24,600.
Dr. ()
Cr. ()
Name of Accounting
60,000
7,000
Capital - B
Drawings - B
2,40,000
Sales
1,500
2,000
3,000
1,65,000
3,000
Return
Profit on Sale of Investment - P-CO
Purchases
Cash in Hand-B
Bank B 2
Creditors - B
Loan - B
Stock at the Commencement
12,000
23,000
10,500
21,400

Answers

Answered by SmitaMissinnocent

Answer:

what 2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C(6) Furniture A/C

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)(1) Goods A/C(2) Wages A/C(3) Loan A/C(4) Debtors A/C(5) Creditors A/C(6) Furniture A/C(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

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