15. Prepare Trading and Profit & Loss Account and Balance Sheet of Jagat as at 3lst March, 2024 from the following balances:
| ₹ | ₹ | ||
|---|---|---|---|
| Capital | 3,60,000 | Salaries | 60,000 |
| Machinery | 70,000 | General Expenses | 20,000 |
| Sales | 9,20,000 | Rent | 50,000 |
| Purchases | 5,00,000 | Purchase Return | 5,000 |
| Sales Return | 10,000 | Debtors | 3,00,000 |
| Stock as at 1st April, 2023 | 1,00,000 | Cash | 40,000 |
| Drawings | 40,000 | Carriage Outwards | 20,000 |
| Wages | 1,00,000 | Advertising | 20,000 |
| Carriage Inwards | 5,000 | Creditors | 50,000 |
Closing Stock was valued at ₹2,00,000.
T.S.Grewal/2024 Edition/Practical Problems/Q-15
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 :