SOLUTION REQUIRED.

Question - 3 The Trail Balance of the ATC Private Limited for the year ended December 31, 2011 is as under (10) Credit Debit 24,000 55,300 2,100 7,500 500 14,200 800 7,000 00 Sr. No Title of Accounts 1 Purchases 2 Sales 3 Inventory (1 January 2011) 4 Rental Expenses 5 Interest Expenses 6 Salaries and wages Expenses 7 Depreciation Expenses Admin and General Expenses 9 Capital 10 Drawings 11 Furniture 12 Accumulated depreciation-Furniture 13 Vehicle 14 Accumulated depreciation-Vehicle 15 Cash in Bank 16 Debtors Creditors Total 30,000 700 4,300 300 20,500 400 2,500 3,100 17 1,200 87,200 87,200 Inventory on December, 31,2011 was Rs. 3,200 Required c. Prepare Comprehensive Income for the year ended December 31, 2011 d. Prepare Financial position as at December 31, 2011 (05) (05)