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"From the following balance prepare a Trading, Profit & Loss Account and Balance Sheet. Q.1...

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Accounting

"From the following balance prepare a Trading, Profit & Loss Account and Balance Sheet. Q.1 From the following balance prepare Trading; Profit & Loss Account and Balance Sheet. Particulars Rs. Particulars Rs. Carriage 0n 600 d Purchased 8,000 Cash in Hand 2,500 3,500 Banker's A/c (Cr:) 30,000 Carriage on Goods Sold Manufacturing Expenses Advertisement 42,000 Motor Car 60,000 7,000 Drawings 8,000 9,600 Audit Fees 2,700 Freight 6,000 Plant 1,53,900 Lighting 80,000 Repairs to Plant 2,200 Customer's Al 61,000 Stock at the end 76,000 Supplier's Ac Postage 800 Purchases less Returns 1,60,000 3,600 Commission on Purchases 2,000 Fire Insurance Premium 12,000 Incidental Trade Exp: 3,200 Patents 24,000 Investments 30,000 Income Tax 7,200 Interest on Investments 4,500 Office Expenses Capital A/c 1,00,000 Sales less Returns 5,20,000 Rent 12,000 Discount Paid 2,700 Discount on Purchases 3,400"

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