Question

Illustration 24 (With GST).
Following is the Trial Balance of Sanford at 31st March, 2020. Draw the final accounts
from the balances therefrom:
TRIAL BALANCE as at 31st March, 2020
Heads of Accounts
LF.
Dr. (3)
Cr.)
1,50.000
30,000
10,000
5,000
1,00,000
13,000
2,00,000
-50,000
-33,000
0,000
4,000
**********************
*****
Capital
Stock on 1st April, 2019
Cash at Bank
Cash in Hand
Machinery
Furniture
Purchases
Wages
Carriage Inwards
Salaries
Discount Allowed
Discount Received
Advertising
Office Expenses
Salos
Sundry Debtors
Sundry Creditors
Input CGST A/C
Input SGST A/C
Input IGST A/C
Output CGST A/C
Output SGST A/C
Output IGST AVC
Total
5,000
50.000
40,000
5,00,000
90,000
47,000
10,000
10,000
15,000
8,000
8.000
12,000
7,30,000
7.30.000
Value of Closing Stock on 31st March, 2020 was 50,000.​

Answer 1

Double Entry Book Keeping Ts Grewal 2019 for Class 11 Commerce Accountancy Chapter 15 - Adjustments In Preparation Of Financial Statements

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