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Answer:
Trading and profit &loss account
Dr cr
particulars. amt. particulars. amt
opening stock 40800. sales 196200
purchase130295. -return2400. 193800
-return. 195 130100
wages. 22525. closing
octroi. 500 stock. 40925
gross profit 40800
total 23472 5 total. 234725
gross profit. 40800
repair. 1675
bad debt. 2310. discount 530
interest on loan 600
salaries. 8000
insurance. 1000
charity. 125
rent. 2000
net profit. 25620
total. 41330. total. 41330
balance sheet
liabilities. amt. assets. amt
loan. 20000 cash. 10000
outstanding
expense. 305. debtors. 30000
creditors. 30000. stock. 40925
capital. 68900. prepaid
- drawing 800. expense 11000
+net profit 25620
93720. machinery 16000
patent. 7500
copyright. 18600
Goodwill. 10000
total 144025 total 144025