10min

From the following details of Kumar who maintains incomplete records, prepare Trading and Profit and Loss account for the year ended 31.3.2019 and a Balance sheet as on ve date. Particulars 1.4.2018 31.3.2019 R Stock 1,00,000 50,000 Sundry Debtors 2,50.000 3,50,000 Cash 25.000 40,000 Furniture 10,000 10,000 Sudry Creditors 1,50,000 1,75,000 Other Details: Drawings 40,000 Discount received 20,000 Discount allowed 25.000 Cash paid to creditors 4,50,000 Cash received from debtors 5,35,000 Sundry expenses 30,000 Capital as on 1.4.2018 2,35,000