Question

3. From the following balances taken from the books of Ved & Co., prepare Trading and
Profit and Loss Account for the year ending 30th June, 2017 and Balance Sheet as on that
₹
Capital
35,000 Returns Outward
Buildings
18,750 Salaries
Machinery
9.250 Discount Allowed
Debtors
7,000 Stock (1-7-2016)
General Expenses
800 Bills Payable
Rent paid
3,710 Sales
Drawings
650 Purchases
Electric Charges
190
Wages
Carriage Inward
850 Cash in hand
Cash at Bank
3,000 Sundry Creditors
Returns Inward
450
Closing stock is valued at 18,210.
ns. (G.P. 14,670; N.P. 8,660; B/S Total 58,010).
4. Following is the Trial Balance of M/s Kasturi
₹
110
1,110
200
16,500
5,000
63,500
46,850
2,500
1,800
10,000
re​

Answer 1

33,241800

Explanation:

10,000

5,000

10,000

2,500

46,850

16,500

63,500

1,100

110

200

Answer 2

Answer:

this is first page of the accounting sum second page is being sent