4. Trial Balance of a business as at 31st March, 2024 is given below: Particulars Dr. (₹) Particulars Cr. (₹) Stock on 1st April, 2023 2,50,000 Sales 22,78,000 Furniture 80,000 Commission 5,000 Plant and Machinery 15,00,000 Returns Outward 10,000 Debtors 3,00,000 Creditors 4,00,000 Wages 1,20,000 Capital 15,00,000 Salaries 2,00,000 Bad Debts 10,000 Purchases 12,00,000 Electricity … Read more
3. Following Trial Balance has been extracted from the books of Pawan as on 31st March. 2024. Particulars Dr. (₹) Particulars Cr. (₹) Machinery 4,00,000 Capital 9,00,000 Cash at Bank 1,00,000 Sales 16,00,000 Cash in Hand 50,000 Sundry Creditors 4,50,000 Wages 1,00,000 Interest Received 30,000 Purchases 8,00,000 Stock on 1st April, 2023 6,00,000 Sundry Debtors … Read more
2. Prepare Trading and Profit & Loss Account and Balance Sheet from the following balances relating to the year ended 31st March, 2024: ₹ ₹ Capital 1,00,000 Bank 10,000 Creditors 17,000 Repairs 500 Returns Outward 5,000 Stock on 1st April, 2023 20,000 Sales 1,64,000 Rent 4,000 Plant and Machinery 40,000 Manufacturing Expenses 8,000 Sundry Debtors … Read more
1. Following are the balances extracted from the books of Gurman on 31st March, 2024: ₹ ₹ Capital 19,00,000 Cash at Bank 2,60,000 Drawings 70,000 Salaries 80,000 Plant and Machinery 12,00,000 Repairs 19,000 Delivery Vehicle 2,60,000 Stock on 1st April, 2023 1,60,000 Sundry Debtors 3,60,000 Rent 45,000 Sundry Creditors 4,95,000 Manufacturing Expenses 15,000 Purchases 2,00,000 … Read more