Accountancy, asked by rayyanahmed8, 3 months ago

the following balances are taken from books of vikram prepare the trading and profit and loss account for the year ended 31st march 2020 and a balance sheet as on the date

Attachments:

Answers

Answered by rushikadam10

Answer:

trading account for year

particular Amt particular Amt

To opening By sales 20000

stock 4500 By closing

To purchase 7000 stock 3600

By goods

destroyed 2000

To gross profit 14100

25600 25600

Profit and loss account

particular Amt particular Amt Amt

Advertising 500 gross profit 14100

intrest on

O. D 200 ( +)bad debt 200

INSURANCE (+) Rdd 200

PREMIUM 800 ( -) old rdd 500 100

general exp 1500 commission 400

salary 5200

loss by fire 1200

depreciation

building 500

furniture 70

Net profit 4630

14600 14600

balance sheet

liability Amt amt assets Amt

capital 15000

net profit 4630 19630 furniture 630

creditor 4700 building 9500

bank OD 3000 debtors 3800

cash 1000

C. S 3600

MACHINE 8000

INSURANCE

CLAIM 800

27330 27330

Previous Question

Next Question

Similar questions

English, 1 month ago

Change the following sentences into Passive Voice : 1. My friends helped me.

Math, 1 month ago

If k+ 7 = 12, then the value of k - 5 is ...

Math, 1 month ago

Evaluate the following limit:- $\sf\displaystyle \lim_{x \to 0} \dfrac{\sin\bigg(\pi\cos^{2}x\bigg) }{x^{2} }$ No go ogled contents please!

Math, 3 months ago

there are five terms in an ap the sum of these terms is 55 and the fourth term is 5 more than the sum of the first two terms find the terms of a p...

Hindi, 3 months ago

SLSH stands for: (A) Subject Language Subdivision Headin (B) Science List of Subject Headings (C) Sears List of Subject Headings (D) Science Language Subject Heading...

Computer Science, 11 months ago

Essay on cyber cafe in 70 words...

English, 11 months ago

Anyone please answer my question when corona virus will go away from our life...

English, 11 months ago

Plzz reorder these sentences. THE RIGHT ANSWER WILL GET BRAINLIEST,THANKS,5 STAR RATING AND 3 FOLLOWERS FROM MY ID'S.. AND IF SOMEONE WILL ANSWER RUBBISH I WILL REPORT HIS ANSWER AND ALSO REPORT HIS/HER ALL ANSWRS FROM HIS/HER PROFILE. PLZZ ANSWER ....

the following balances are taken from books of vikram prepare the trading and profit and loss account for the year ended 31st march 2020 and a balance sheet as on the date​

Answers

the following balances are taken from books of vikram prepare the trading and profit and loss account for the year ended 31st march 2020 and a balance sheet as on the date