Question

17. The following trial balance is extracted from the books of M/s Ram on Mars
31, 2017. You are required to prepare Trading and Profit and Loss Account and s
(NCERT
Balance Sheet as on date :
Account Title
Amount
Account Title
Amount
₹
5,000
10,000
1,000
80,000
13,000
20,000
Debtors
13,000 Apprenticeship premium
Purchases
50,000 Loan
Coal, gas and water
6,000 Bank overdraft
Factory wages
11,000 Sales
Salaries
9,000 Creditors
Rent
4,000 Capital
Discount
3,000
Advertisement
500
Drawings
1,000
Loan
10,000
Petty cash
500
Sales return
1,000
Machinery
5,000
Land and building
10,000
Income tax
100
Furniture
9,900
[Ans. Gross Profit 12,000; Net Profit 3 500; Total of B/S * 43,400]​

Answer 1

Answer:

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Explanation:

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