Question
Based on the information in the Trial Balance on 31st March 2023 below, prepare the Trading. Profit & Loss a/c and the Balance Sheet
Based on the information in the Trial Balance on 31st March 2023 below, prepare the Trading. Profit & Loss a/c and the Balance Sheet Closing stock on 31st March 2023 was Rs 172,000. Account Debit Credit Rahim's capital a/c 2,50,000 Purchases 7,25,000 Sales 21,85,000 Sales Return 55,000 Purchases Return 25,000 Opening stock 1,25,000 Advertisement 50,000 Interest Income 48,000 Machinery 7,40,000 Land 6,00,000 Provision for depreciation-machinery 2,75,000 Furniture 90,000 Provision for depreciation-furniture 41,000 Receivables 2,50,000 Payables 1,50,000 Wages 1,41,000 Salaries Interest Drawings 1,70,000 18,000 10,000 Total 29,74,000 29,74,000
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Accounting Principles
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
7th Canadian Edition Volume 1
1119048508, 978-1119048503
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