Refer to the case of AMAN HOME PRODUCTS given in the exercises in the last chapter. Aman now wants to know as to where his firm stands after one month of running. Help him. Towards this purpose comply with the following requirements.
Requirements:
1. Analysis of the trial balance as already prepared.
2. Make adjustment for closing inventory amounting to ₹50,000.
3. Construction of the balance sheet.
4. Construction of the profit and loss account.
5. Brief analysis of the financial statements.