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From the following Trial balance of Mr . Mukesh prepare Trading and Profit and Loss Account the balance sheet as on that date: Particulars Debit
From the following Trial balance of Mr Mukesh prepare Trading and Profit and Loss Account the balance sheet as on that date:
Particulars Debit Credit
Rs Rs
Capital and Drawings
Debtors and Creditors
Loan Taken on
Cash in Hand
Cash at Bank
Provision for Doubtful Debts
Furniture
Machinery
Stock
Purchases & Sales
Returns Inwards
Salaries
Wages
Travelling Expenses
Insurance Including a premium of Rs pa paid
up to
Commission received
Discounts
Carriage
TOTAL
Adjustments:
a Closing Stock Rs
b Write off Rs as bad debts and maintain provision for doubtful debts
at on Debtors
c Make a provision of for discount on Debtors & Creditors.
d Wages include Rs for erection of new machinery purchased on
e Depreciation on machinery at and on furniture at
f Commission earned but not received Rs
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