Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please prepare trading profit and loss account and balance sheet for this above question 16), The following. (Ans: Gross Profit 34,100; Net Profit 7,5/v; Balance
please prepare trading profit and loss account and balance sheet for this above question
16), The following. (Ans: Gross Profit 34,100; Net Profit 7,5/v; Balance Sheet Total 1,60,405) the year ended 31-3-2009: i) Stock on 31-3-2009 ii) Depreciate -2009 is valued at 5,800 iii) The Insuran 10% iv) 2,000 spent policy expires on 30-9-2009 v) A fire occurt on erection of a shed were included in wages. 1,000 onas 25-3-2009 in the godown and stock of the value in full. (B.Com. Osm.) (Ans. Gross Profit 45,755; Net Profit 20,215; Balance Sheet Total 92,270)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started