Question

29. From the following particulars prepare a trading and profit & loss Alc for
ended 31-12-1987 and the Balance Sheet as on that date:
Trial Balance
Debit
Rs.
Credit
20,500
80,000
Cash at Bank
Capital Alc
Drawings A/C
Machinery
Stock on 1-1-1987
Purchases
Sales returns
Sundry Debtors
Furniture
Taxes
Carriage outwards
6,000
25,000
15,000
82,000
2,000
20,600
5,000
2,000
500
4,600
800
400
10,000
1,20,000
1,000
800
Rent
Printing & Stationery
Trade expenses
Sundry Creditors
Sales
Purchase returns
Postage & Telegram
Reserve for bad & doubtful debts
Discount
Rent received
Insurance premium
Salary & wages
Cash in hand
400
800
1,200
700
21,300
6,200
2,13,400
2,13,400​

Answer 1

Explanation:

From the following particulars prepare a trading and profit & loss Alc for

ended 31-12-1987 and the Balance Sheet as on that date:

Trial Balance

Debit

Rs.

Credit

20,500

80,000

Cash at Bank

Capital Alc

Drawings A/C

Machinery

Stock on 1-1-1987

Purchases

Sales returns

Sundry Debtors

Furniture

Taxes

Carriage outwards

6,000

25,000

15,000

82,000

2,000

20,600

5,000

2,000

500

4,600

800

400

10,000

1,20,000

1,000

800

Rent

Printing & Stationery

Trade expenses

Sundry Creditors

Sales

Purchase returns

Postage & Telegram

Reserve for bad & doubtful debts

Discount

Rent received

Insurance premium

Salary & wages

Cash in hand

400

800

1,200

700

21,300

6,200

2,13,400

2,13,400