CBSE BOARD XII, asked by adarshsharmakali, 9 months ago

March 31st, 2019:
800.000)
11.400
48.000
4.000
Salesman Salaries
31.200 / Sales
Bank Charges
1.400 General expenses
Insurance Premium
4.800 Trade Debtors
Trade Creditors
40.000 Life Insurance Premium
Advertising
12.800 Interest on Investments
Packing charges
7.600 Profit on sale of plant
Repairs
2,400 Bad Debts recovered
Investments
50,000 Building
Bad debts
10,000 Interest on capital
Freight on sales
3.200 Furniture and fittings
1.00.000
Commission paid
4.000 Office lighting and heating
7,000
Gross profit was 20% on sales.
You are required to pass necessary closing entries and prepare a Profit and Loss Account for the year ending
March. 31. 2019.
4.400
4,00.000
4. Following particulars have been extracted from the books of Nanda and Company for the year endine​

Answers

Answered by Anonymous
31

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