Refer to the case of SURYA MEDICAL EQUIPMENTS given in the exercises in the last chapter. Ashish
Question:
Refer to the case of SURYA MEDICAL EQUIPMENTS given in the exercises in the last chapter. Ashish Agrawal 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 following adjustments:
• Depreciation on furniture @ 10% pa.
• Closing inventory amounting to ₹75,000.
3. Construction of the balance sheet.
4. Construction of the profit and loss account.
5. Brief analysis of the financial statements.
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