Mr .baban maintained his Account on single entry system.his balance from for the year ended 31st march 2013 and 31st march 2014 were as follows. Particulars. 31/03/2013 31/03/2013 Stock. 15800. 17600 Creditors. 18800. 16700 Cash. 7816. 3926 Debitors. 18722. 16710 Machinery. 4000. 4000 From his cash books for the year 2013-14, following is information.wages rs 1800, bills payable rs 6000,bills receivable rs 8600 miscellaneous expenses rs 1400, Salary rs 1600, investment purchased rs 2000,sales rs 2400, purchases rs 1200, received from debtors rs 4900, paid to creditors ra 2850, miscellaneous income rs 60, drawing rs 3000 It was also told that discount allowed and discount received were ra 800,rs 710 bad depts were rs 1120 preparing trading, profit and loss a/c for year ended 31st march 2014 and balance sheet as on that date.
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