What are ifivial reserve transactions ?Explain their importance in the balance of payment acciunt?
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from the following trail balance of ram sharath, prepare trading and profits & loss account for the year ended 31st December 2018 and balance sheet as on the date purchases and sales Dr 300000 Crew 50000. Return inwards 15000,Return outwards Credits 9000, carriage 12000,wages and salaries 58000 trade Expenses 2800,rent 33000,insurance 1200,aduit fees 2000,debtors and creditors Dr 85000 credit 62000,bill receivable and bills payable Dr 3300 credit 2300,printing and advertising Dr 5900,commission credit 5000,opening stock Dr 30000,cash in hand Dr 12800,,cash in bank Dr 26800,bank loan credit 20000,interest on loan Dr 1500,capital credit 246000,drawing Dr 21000,fixed assets Dr 300000?
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