Accountancy, asked by Rohitkasma6976, 9 months ago

From the following balances, prepare Trading and Profit and Loss Account and Balance Sheet:
Closing Stock was valued at ₹ 30,000.

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Answered by abhirock51
1

Answer:

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.

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