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Q.1. From the following trial balance and additional information, you are required to prepare a Trading and Profit and Loss Account and Balance Sheet. Trial

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Q.1. From the following trial balance and additional information, you are required to prepare a Trading and Profit and Loss Account and Balance Sheet. Trial Balance (As on 31st December, 2019) Particulars Dr (Rs) Cr (Rs) Capital 20000 Sundry Debtors 5400 Drawings 1800 Machinery 7000 Sundry Creditors 2800 Wages 10000 Purchases 19000 Opening Stock 4000 Bank balance 3000 Carriage Inwards 300 Salaries 400 Rent and taxes 900 Sales 29000 Additional information: Closing stock Rs.1200

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