illustration 6
from the following figures prepare trading and profit and loss
A/c of Lakshmi for year
ended Dec 31, 2013
40,000
99,000
Purchases
Commission
Received
650
Rent Rates and taxes
-91600
Salons te wages
- 12.000
Sales
-1,62100
Return Inwards
- 2400
Return out wards
- 3000
- 2500
Sundry expenses
Bank changes
50
Discount Received
- 750
Carriage on Porchases - 2000
530
Discouol Allowed
1700
Carriage on sales
Lighting
and heating
2000
800
Postage
- 500
Income from investmente
Commission
Paud
-1000
Stoct on January 1, 2013
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