Question

the following is the trial balance of atul as at 31st march ​

Answer 1

pls check it out, and pls click clear photos to ask, its a blurry...

Answer 2

Answer:

Please check the attached prepared financial statement of Mr. Atul for the year ended 31-03-2021. Results are as follows:

1) Gross profit = 42800

2) Net profit = 19400

3) Balance sheet Total = 93400

Explanation:

1. Trading account signifies the balances of direct expenses and direct income.
2. Profit and loss account signifies the balances of indirect expenses and indirect income.
3. Balance sheet is a statement of financial position which is a division of current and non current assets and liabilities respectively.