Question

sh
capital of 30,000. Prepare Trading and Profit & Loss Account for the year
ending 31st December 2019 and Balance Sheet on that date from the following
Trial balance
Particulars
Plant & Machinery
42.000
1.55 000
4,500
22.100
2.000
800
20.000
Furniture
Drawing
Purchases
Advertisement
Debtors •
Bad Debts
Bills Receivable
Wages.
Salaries
Carriage in
Carnage out
Trade Expenses
Rent
Cash in Hand
Cash at Bank
Printing & Stationery
Discount
Audit Fees
In' rest on Loan
40.000 Capital
20.000 Sales
10,000 Bills Pavable
90,500 Creditors
10,000 Commission
20,400 || ProV. for Bad and Doubtful Debts
600 Bank Loan •
7 400
11,000
8,000
2,500
1,500
3,000
6,000
3.000
8,000
1,500
500
1,000
1.500
2.46.400
2,46,400
Adjustments :
(1) Wages is paid for 11 months only.
(11) Rent is payable @ 600 per month.
(111) Interest on Bank Loan is accrued @ 10% p.a for 3 months.
(iv) Advertisement includes a signboard costing 7,500.
(u) * 400 are bad debts and create provision for doubtful debts on debtors
at 5%.
(ui) Commission earned but not received 400.
(vii) Interest on Capital is provided @ 6% p.a assuming that additional capital
was introduced on 1st July
(uni) Closing stock is valued 22,500 on 31st December, 2019.
GP-72,500 NP. 44,340 BIS 127,800​

Answer 1

Answer:

nbhahahsbsbsbbshsshshshhsshsbshhshssbsbbshshsbsbshshshsbbsbshsb

Explanation:

njgsshs hsysfsvsjs hsgsvshs