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Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance prepared as on 31st March 2020. 75 [Marks:15] arg
Prepare Statement of Income and Expenditure, and Sources and Application of Funds from the Trial Balance prepared as on 31st March 2020. 75 [Marks:15] arg 3/27 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 Capital 4400 2100 15500 36000 6200 82000 2500 30000 2100 15500 36000 6200 82000 2500 30000 217000 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 20000 2000 10000 1520 10600 180000 18000 120 5200 2000 Total 1624320 624220
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