16. Following are the balances as on 31st March, 2024 extracted from the books of Dass:
| ₹ | ₹ | ||
|---|---|---|---|
| Sales | 9,20,000 | Postage and Courier | 6,200 |
| Purchases | 6,83,000 | Miscellaneous Expenses | 9,000 |
| Return Inwards | 13,000 | Bad Debts | 4,000 |
| Return Outwards | 22,000 | Debtors | 2,20,000 |
| Stock on 1st April, 2023 | 1,76,000 | Creditors | 1,28,000 |
| Carriage Inwards | 24,000 | Loan from Sahil | 50,000 |
| Rent | 22,000 | Capital | 5,25,000 |
| Discount | 37,500 | Drawings | 19,100 |
| Printing | 7,200 | Business Premises | 3,90,000 |
| Insurance | 5,000 | Furniture | 15,000 |
| Travelling Expenses | 14,000 |
The stock on 31st March, 2024 was valued at ₹2,40,000.
Prepare Trading Account., Profit & Loss Account and Balance Sheet as at 31st March, 2024.
T.S.Grewal/2024 Edition/Practical Problems/Q-16
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
Answer :