Question

total
ended 30th September, 1980 and his balance sheet as on that date :
5. From the following trial balance and other additional information obtained from the books of
Mr. Sunil Gavaskar, prepare his trading account and the profit and loss account for the half-year
Debit
Credit
₹
Capital Account
1,55,000
Drawings Account
se pubs enw M9,000
Trade Expenses
12,000
Cash in Hand
000,
750
Cash at Bank
ofis artesanales 00.30 100
22,700
Freehold Premises
alimouseonions
1,30,000
Stock as on 1-4-80
35,000
Purchases and Sales
75,000 2,50,000
Returns
2,800
2,000
Carriage Inward
1,500
Carriage Outward
3,500
Sundry Debtors and Sundry Creditors
48,000
25,000
Bills Receivable and Bills Payable
22,000
10,500
Furniture and Fixtures
15,400
Bad Debts
1,500
Wages
25,000
Salaries
19,850
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15,000
Rent, Rates and Taxes
3,500
4,42,500 4,42,500
(0) Stock was valued at 40,000 on 30.9.80,
[Ans. Gross profit 1,52,700; net profit 97,350; balance sheet total 2,78,850).
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Answer 1

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