Question

given below is the trial balance of janki das as on 31st march 2017 prepare a trading account proft and loss account and balance sheet
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Answer 1

Answer:

Dr. Balances (₹) Cr. Balances (₹)

Opening Stock 42,000 Sales 4,10,000

Purchases 2,00,000 Sundry Creditors 20,000

Plant 60,000 Purchases Return 8,000

Salary 33,000 Commission 7,500

Wages 44,000 Bank 24,000

Discount 2,000 Capital 1,50,000

Rent 27,500 Interest on Investments 700

Furniture (Including Furniture of

₹ 5,000 purchased on 1st July, 2015)

20,000 Special Rebate 800

Carriage in 5,800

Carriage out 3,200

Sundry Debtors 1,00,000

Office Expenses 6,600

Cash in hand 5,400

Investments at 14% p.a. 10,000

Insurance (Paid to 30th April, 2016) 1,500

Stock on 31st December, 2015 60,000

6,21,000 6,21,000