Question

Prepare Trading and Profit and Loss account of Mr. Rajan from the following information for the year ending 31-03-2018.
Rs. Rs.
Opening Stock 01-04-2017 14,600 Insurance 1,600
Purchases 68,700 Advertisement 2,400
Sales 85,300 Salesman Salaries 5,200
Returns outwards 2,200 Trading Expenses 1,450
Carriage inwards 2,100 Discount Allowed 1,250
Capital 50,000 Discount Received 800
Drawings 12,000 Bills receivable 4,500
Debtors 16,800 Closing Stock 28,700

Answer 1

Hii Friend,
I think this Trading and profit and loss Account is correct