Accountancy, asked by tiwarikamini5584, 9 months ago

Prepare trading and profit and loss account and balance sheet from the
following particulars as on March 31, 2017.

Answers

Answered by lodhiyal16

0

Answer:

Explanation:

TRADING AND PROFIT &LOSS ACCOUNT

opening stock 57600 sales 560000

purchase 352000 -(return ) 96000

- ( return ) 12000 By closing stock 30000

Carriage inward 7000

Fuel & power 24800

wages & salaries 28800

Gross profit 122200

Total 580400 Total 580400

Carriage outward 3360 gross profit 122200

Bad debts 9950 by interest 3200

Repairs 2400 By receipts 160

General expenses 17000

Net profit 92850

Total 125560 125560

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