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5. From the following Trial Balance of Success Ltd for the year ended 31st March 2022, prepare the Income Statement and Balance Sheet. Particulars
5. From the following Trial Balance of Success Ltd for the year ended 31st March 2022, prepare the Income Statement and Balance Sheet. Particulars Amt Land 1,00,000 Buildings 2,00,000 Sales 3,00,000 Purchases 1,75,000 Sales Returns 10,000 Inventory 25,000 Debtors 1,84,800 Bank Overdraft 1,50,000 Purchase Returns 5,000 Cash in hand 5,000 Creditors 20,000 Salaries 10,000 Wages 12,000 Goodwill 15,000 General Expenses 5,000 Selling Expenses 12,000 Bad Debts 1,000 1,200 2,81,000 Insurance Capital Adjustments Closing Inventory - Rs 30,000 Depreciation on buildings @ 10% Write off further bad debts Rs 1000 Salaries yet to be paid - Rs 3000 Insurance prepaid - Rs 300 5
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