Question

prepare trading and p/l account
cash in hand 540
sales 98780
cash at bank 2,630
return outward 500
purchase 40,675
capital 62000
return inwards 680
sundry creditors 6,300
wages 8,480
rent 9000
fuel & power 4,730
carriage on sales 3200
carriage on purchase 2040
opening stock 5,760
building 32000
freehold land 10,000
machinery 20000
salaries 15000
patents 7,500
general expenses 3000
Insurance 600
drawings 5,245
sundry debtors 14,500​

Answer 1

Answer:

Debit balances Rs Credit balances Rs

Cash in hand 540 Sales 98,780

Cash at bank 2,630 Return outwards 500

Purchases account 40,675 Capital account 62,000

Returns inwards 680 Sundry creditor 6,300

Wages account 8,480 Rent 9,000

Fuel & power 4,730

Carriage on sales 3,200

Carriage on purchases 2,040

Stock (1.42017) 5,760

Building account 32,000

Freehold land 10,000

Machinery 20,000

Patents 7,500

Salaries 15,000

General expenses 3,000

Insurance 600

Drawings 5,245

Sundry debtors 14,500

1,76,580 1,76,580