Question

IF G.P. IS GIVEN IN TRIAL BALANCE THEN ANY ITEM OF INCOME AND EXPENS
OF TRADING ACCOUNT WILL NOT APPEAR IN TRIAL BALANCE BUT CLOSING
STOCK WILL APPEAR.
18. Trial Balance
Dr Cr.
GP
20.000
Closing Stock
3.000
Indirect Expenses
1.000
Other Assets
30.000
Other Liabilities
6.000
8.000
Capital
Credit purchased not recorded 2,000
Credit Sales not recorded 5.000
Prepare Final Accounts.
​

Answer 1

Answer:

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