Question

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18. The following are the balances as on 31st March, 2018 extracted from the books of Dass
sales9.20.000
Postage and Courier 6200
Purchases683000
Miscellaneous Expenses 9000
Retums Inward13000
Bad Debts 4000
Returns Outward 22000
Debtors 220000
stock on 1 April 2017 176000
creditors 128000
Carriage inwards 24000
Loan from Sahil 50000
Rent 22000
Capital 525000
Discount 37500
Drawings 19100
Printing 7200
Business Premises 390000
Insurance 5000
Office Furniture 15000

Traveling Expenses
14,000
The stock on 31st March, 2018 was valued at 2,40,000.
You are required to prepare Trading Account, Profit and Loss Account and Balance Sheet
as at 31st March, 2018.
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Answer 1

Answer:

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Step-by-step explanation:

The following are the balances as on 31st March, 2018 extracted from the books of Dass

sales9.20.000

Postage and Courier 6200

Purchases683000

Miscellaneous Expenses 9000