Question

The following are the balances extracted

from the books of Tmt Sakthi as on

31.12.2018

Debit Rs. Credit Rs.

Purchases 15,000 Capital 40,000

Salaries 2,000 Sales 25,000

Rent 1,500 Sundry creditors 1,000

Insurance 300

Drawings 5,000

Machinery 28,000

Bank balance 4,500

Cash 2,000

Stock 1.4.2011 5,200

Debtors 2,500

66,000 66,000

Adjustments :

(i) Closing stock Rs.4,000 valued on

31.12.2018.

(ii) Salaries unpaid Rs.300

(iii) Rent paid in advance Rs.200

(iv) Insurance prepaid Rs.90.

Prepare Trading a/c, Profit and Loss a/c

and Balance Sheet.​

Answer 1

Answer:

This is the answer i think