Question

Rs. 1841 14. From the following Trial Balance of Ravi, prepare Trading and Profit and Loss for the year ended December 31st 1993 and a Balance Sheet as on that date Trial Balance Debit Particulars Ps Adjustments Credit Rs. (1) The Closing (m) Write oft R sundry debt Three mont 40.000 25.000 Capital Sales Purchases Salaries Rent Insurance Drawings Machinery Bank Balance Cash Stock 1-1-93 Debtors Creditors 15.000 2.000 1.500 300 5.000 28.000 4.500 2.000 5.200 2.500 16. From the followin and Profit & Loss 1.000 Salaries Rent Cash Debtors Trade expenses Purchases Advances Bank balance 66.000 66.000 Adjustments required: (a) Stock on 31-12-93 (b) Salaries unpaid (c) Rent paid in advance (d) Insurance prepaid Rs. 4,900 Rs. 300 Rs. 200 Rs. 90​

Answer 1

Given: The Trial Balance of Ravi for the year ended December 31st 1993 is given.

To prepare the Trading and Profit and Loss for the year ended December 31st 1993 and a Balance Sheet as on that date.

Explanation: