Prepare Manufacturing, Trading and Profit and Loss Account for the year ended 31st March, 2015. Stock as at 31-3-2015 was Raw Materials $46,900 and Finished Goods $1,52,300.

Task 5 Following are the balances in the Ledger of Mr Smith March, 2015 $ for the year ended 31st $ Discount (Dr.) 2,500 Advertisement 12,000 Carriage Inwards 10,200 Miscellaneous Expenses 3,300 Rent, Taxes & Rates 13,300 Interest paid 10,792 Printing & Stationery 2,600 Fuel and Coal 14,200 Purchase of Raw Materials 3,59,800 Factory Power 25,000 Sales (inclusive of Sales Insurance (Fire) 1,760 Tax $20,000) 5,80,000 Staff Salaries 13,800 Opening Stock of Raw Materials 1,24,400 Electricity 2,500 Opening Stock of Finished Goods 63,800 Bad Debts 6,080 Factory Wages 59,700 eciation on Plant & Machinery Cash Subsidy on Purchases 10,000 eciation on Furniture & Fixture Carriage Outwards 12,400 Sale of Scrap