5. From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Drawings 20,000 Capital 2,00,000 Sundry debtors 80,000 Return outwards 2,000 Bad debts 1,000 Bank overdraft 12,000 Trade Expenses 2,400 Provision for bad debts … Read more
4. From the following Trial Balance you are required to prepare trading and profit and loss account for the year ending March 31, 2017 and Balance Sheet on that date. Account Title Amount ₹ Account Title Amount ₹ Opening stock 25,000 Sales 7,00,000 Furniture 16,000 Creditors 72,500 Purchases 5,55,300 Bank Overdraft 50,000 Carriage Inwards 4,700 … Read more
3. The following balances has been extracted from the trial of M/s Runway Shine Ltd. Prepare a trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Purchases 1,50,000 Sales 2,50,000 Opening stock 50,000 Return outwards 4,500 Return inwards 2,000 Interest received … Read more
2. Prepare a trading and profit and loss account of M/s Green Club Ltd. for the year ending March 31, 2017. from the following figures taken from his trial balance: Account Title Amount ₹ Account Title Amount ₹ Opening stock 35,000 Sales 2,50,000 Purchases 1,25,000 Purchase return 6,000 Return inwards 25,000 Creditors 10,000 Postage and … Read more
1. Prepare a trading and profit and loss account for the year ending March 31, 2017. from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet at the end of the year. Account Title Amount ₹ Account Title Amount ₹ Stock 50,000 Sales 1,80,000 Wages 3,000 Purchases return 2,000 Salary 8,000 Discount … Read more