Question

From the following Trial Balance of Sh. Raghu Ram, Prepare Trading, Profit & Loss
Account for the year ended 31st December, 2017 and Balance Sheet as on that date:

Dr. Rs. Cr. Rs.
Purchases and Sales 375,000 4,20,000
Returns Inwards 15,000
Returns Outwards 10,000
Carriage 12,400
Wages and Salaries 52,600
Trade Expenses 2,200
Rent 12,000
Insurance 1700
Audit Fees 1,500
Debtors and Creditors 10,000 50100
B/R and B/P 3,300 2,200
Printing and Advertising 5,500
Commission 13000
Opening Stock 36,000
Cash in hand 18800
Cash in Bank 26,800
Bank Loan 20,000
Interest on Loan 1,500
Capital 2,50,000
Drawings 15,000
Fixed Assets 2,00,000
777,300 7,77,300

Adjustments:-
1. Stock at the end Rs. 50,000
2. Depreciate Fixed Assets by 8%
3. Commission earned but not received amounts to Rs. 600
4. Rent received in advance Rs. 1,000
5. Allow 7% interest on Capital and charge Rs. 900 as interest on Drawings.

Answer 1

the ans are here u can make blance sheet on your own