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Please solve this with explanation if you may. was pandan From the following Trial Balance of M/S Hazi and Sons prepare a Trading Account and
Please solve this with explanation if you may.
was pandan From the following Trial Balance of M/S Hazi and Sons prepare a Trading Account and Profit Toks Account for the sear ended 31" December 2015 and a Balance Sheet as at that date: Dr. Trial Balance Cr Debit liens Antoant Credit Itens Amount Drawings 20,000 Sales 5,39,000 l'urchases 3.55.000 Sundry creditors 20.000 Investment 1,00,000 Purchase Retum 10,000 Wages 20.000 Discount 5,000 Sularis 15.000 Bank overdraft- 50,000 Relum inward S.QUO Interest 10,000 Carriage out in 8.000 Capital 3,00,000 Import duty 12,000 Buildings 2,50,000 Furniture 80,000 Machineries 1,50,000 Cash in land 25.000 Sundry Debtors 40,000 Stationai 4,000 Carriage out 6,000 Dad debts 3.000 Rent 7,000 Insurance 5,000 Oflice e penses 6,000 Avertisanent 12,000 Commission 2,000 Total 11,25,000 11.25,000 10% 1 Adjustments: (1) Closing stock was valued at Tk. 75,000 (ii) Salaries outstanding Tk. 8,000 and advertisement prepaid 12. 4,000 (iii) Make n reserve for bad debt or sundry debtors at 3% (iv) Depreciate fumiture and Machine by 10% and Building by 5% Step by Step Solution
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