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Question. The trial balances of Mr. Abdullah shows the following balances on 31st March 2014. Prepare final accounts. Closing stock on 31st March 2014 was
Question. The trial balances of Mr. Abdullah shows the following balances on 31st March 2014. Prepare final accounts. Closing stock on 31st March 2014 was ZMK. 30,000. Debit Balance Amount(zmk) 56,000 1,50,000 4,000 1,000 30,000 Purchases Sales returns Opening stock Discount allowed Bank charges Salaries Wages Freight inwards Freight outwards Rent, rates and taxes Advertising Cash in hand Plant and machinery Sundry debtors Cash at bank Amount(zmk) Credit Balance 70,000 Capital account 5,000 Sales 20,000 Purchase returns 2,000 Discount received 500 Sundry creditors 4,500 5,000 4,000 1,000 5,000 6,000 1,000 50,000 60,000 7,000 2,41,000 2,41,000
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