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I would like you to answer the balance sheet of profit and loss ,, liabilities and assets 1. From the following information in Trial balance
I would like you to answer the balance sheet of profit and loss ,, liabilities and assets
1. From the following information in Trial balance of Lulu Groupprepare Profit and Loss Account and Balance Sheet of the company as on 31* December 2015. Cr. Amount ( Dss) Particulars Capital Purchase Returns Dr.Amount ( Dhs) 45,00O 3,000 72.000 Sales Returns Opening Stock Cash in Hand Salares 2.000 15,00O 2.200 1,250 Commission received 1,500 Carriage on Purchases 6,000 9,000 3,000 10.000 Furniture Land and Building 122,500 122,50o Note :Closing Stock is 21,000 dhs Profit and Loss Account for the year ended 31 December 2016. Balance Sheet as on 31 December 2016 Amount Amount (Dhs) Amount (Dhs) Particulars Amount (Dhs) Particulars
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