5. The following are the extracts from the trial balance of M/s Bhola & Sons as on March 31, 2017
| Account title | Debit (₹) | Credit (₹) |
|---|---|---|
| Opening stock | 2,00,000 | |
| Purchases | 8,10,000 | |
| Sales | 10,10,000 | |
| Total | 10,10,000 | 10,10,000 |
(only relevant items)
Closing Stock as on date was valued at ₹3,00,000.
You are required to record the necessary journal entries and show how the above items will appear in the trading and profit and loss account and balance sheet of M/s Bhola & Sons.
NCERT/Rationalised 2023-24/Numerical Questions/Q-05