Question

32. The following Trial Balance was drawn up form Mrs. Bhumika's
books at the end of the year ending 31-03-2019. Prepare Trading and
Profit & Loss Account and Balance Sheet as on 31-03-2019:
Particular
Amount Particular
Stock (01-04-2018) 16,000 Capital
Debtors
32,000 Sales
Machinery
30,000 Trade Payables
Wages
10,000 Discount Received
Salary
4,000
Building
60,000
Trade Expenses
5,000
Amount
1,00,000
98,800
9,000
1,000
Cash
16,000
Purchase
35,000
Drawing
800
2.08,800
2,08,800
Adjustments:
The following adjustments are to be considered:
(a) Stock on 31-03-2019 721,000
(b) Machinery is to be depreciated by 10% p.a.
(C) Salary outstanding 7200.

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Answer 1

Answer:

first please understand care fully because in adjustments price are different in solution we used 721000=21000 and 7200=200

Explanation:

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