Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please support to provide answer urgently in 1 hr , thanks in advance Question No: 05 2 This is'amb21972 This is a subjective question, hence
Please support to provide answer urgently in 1 hr , thanks in advance
Question No: 05 2 This is'amb21972 This is a subjective question, hence you have to write your answer in the Text-Field given below. Pret 706 Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance prepared as on 31st March 2020. [Marks:15] ol of the Cr. (Rs.) Dr. (Rs.) 2000 18000 220000 6000 350000 7500 Particulars Cash in hand Cash in bank Purchases and Sales Return inwards Return outwards Carriage on purchases Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts Bad debts provision Debtors and Creditors 4400 2100 15500 36000 6200 2500 30000 82000 2 2100 15500 36000 6200 2500 30000 82000 217000 20000 Carriage on Sales Fuel and power Stock (1-4-2017) Bad debts Bad debts provision Debtors and Creditors Capital Investments Interest on Investments Loan from X @ 18% p.a. Repairs General expenses Land and Buildings Wages and Salaries Miscellaneous Receipts Bills payable Stationery 2000 10000 1520 10600 180000 18000 120 5200 2000 624320 Total 624320Step 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