19. The following is the Trial Balance of Atul as at 31st March, 2024:
| Heads of Accounts | LF. | Dr. Balance (₹) |
Cr. Balance (₹) |
|---|---|---|---|
| Capital | 50,000 | ||
| Drawings | 10,000 | ||
| Debtors | 34,000 | ||
| Creditors | 24,000 | ||
| Adjusted Purchases | 75,700 | ||
| Sales | 1,31,000 | ||
| Sales Return | 1,500 | ||
| Bank Loan | 10,000 | ||
| Interest on Loan | 300 | ||
| Cash in Hand | 3,000 | ||
| Cash at Bank | 7,500 | ||
| Miscellaneous Income | 1,000 | ||
| Wages | 6,000 | ||
| Furniture | 33,900 | ||
| Carriage Outwards | 4,500 | ||
| Carriage Inwards | 5,000 | ||
| Salaries | 12,000 | ||
| Rent | 18,000 | ||
| Bad Debts | 600 | ||
| Discount Allowed | 5,000 | ||
| Discount Received | 2,600 | ||
| Insurance | 2,000 | ||
| Commission | 15,400 | ||
| Closing Stock | 15,000 | ||
| Total | 2,34,000 | 2,34,000 |
Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2024 and Balance Sheet as on that date.
T.S.Grewal/2024 Edition/Practical Problems/Q-19
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 :