Surya does not keep a systematic record of his transactions. He is able to give you the following information regarding his assets and liabilities:
Following additional information is also avialable for the year ended 31st March, 2018:
Bad Debts during the year were ₹ 900. As regards sale, Surya tells you that he always sells goods at Cost plus 25%. Furniture and Fittings are to be depreciated at 10% of the value in the beginning of the year.
Prepare Surya’s Trading and Profit and Loss Account for the year ended 31st March, 2018 and his Balance Sheet on that date.
Attachments:
Answers
Answered by
0
Answer:
if he dosent keep systematic transactions the work can be difficult and it will take time
Similar questions