Question

Following Trial Balance has been extracted from the books of Prasad as on 31st March, 2020:
Dr.)
Adjustments in
Particulars
Capital
Sales
Sundry Creditors
Interest Received
Cr.3)
9.00.000
16,00.000
4,50.000
30.000
Hechinery
Das Hand
4.00.000
1,00,000
50,000
1,00,000
8,00,000
6,00,000
4,40,000
2,90,000
45,000
25,000
80,000
50,000
29,80,000
Suadron 151 April, 2019
Ronable
era Expenses
29 80.000
Idditional Information,
Outstanding salaries were 45,000.
Depreciate Machinery at 10%.
Wages outstanding were 5,000.
Rent prepaid ? 10,000.
00
Provide for interest on capital @ 5% per annum.
w Stock on 31st March, 2020 * 8,00,000.
apare Trading and Profit and Loss Account for the year ended 31st March, 2020 and
Balance Sheet as at that date.
Grass Profil 8,95,000; Net Profit-- 6,05,000; Balance Sheet Total 20,50,000.)​

Answer 1

5,50,000

Explanation:

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