Question

4) From the following figures prepare trading and profit and loss account for the year ended 31st December 2013 and balance sheet as that date. 120.900 co Alt ₹ 30,000 6,000 43,000 4,000 51,000 5,000 12,000 8,500 47,000 900 12,500 Capital Drawings Sundry creditors Bills payable Sundry debtors Bills receivable Loan advanced to Deepak & Co." Fixtures & Fittings Opening stock Cash in hand Cash at State Bank of India Overdraft with Central Bank of India Purchases 1 Duty and clearing charges c o 6,000 50,000 3,500 sales 128000.salaries 9500.returns from customers 1000 return to creditors 1100 commission and travelling expenses 2500 rent paid 2000 commission received 4000
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Answer 1

Answer:

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