1 2 From the following information Prepare P&L Accounts And Balance sheet For the year ended March 31, 2015 3 Particulars Debit Credit 4 Purchase and sales 6,00,000 12,00,000 5 Carriage on Purchase 25000 6 Wages and Salary 1,20,000 7 office expence 44000 8 Rent 9 Insurance 24000 40000 10 Audit Fees 24000 11 Accounts Receivable/payable 2,80,000 125000 12 Printing and Advertising 33000 13 Commission 20000 14 Opening Stock 72000 15 Cash in hand 36000 16 Cash at bank 55000 17 Bank Loan 2,40,000 18 Interest On Loan 24000 19 Share Capital 5,00,000 20 Reserves 132000 21 Fixed Assets 888000 22 2241000 2241000 23 Ch-1 Sheet2 Sheet1 Sheet3 Sheet4 Ready