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The following accounting details are available for a TZY Ltd. you need to prepare all the Ledger Accounts and finally prepare a Trial Balance as

The following accounting details are available for a TZY Ltd. you need to prepare all the Ledger Accounts and finally prepare a Trial Balance as on 30th April 2021. Besides also prepare a Cash Flow Statement as on 30th April 2021, using the same accounting information. (Also highlight the Suspense Balance [if any]).

The Balance Sheet of TZY Ltd. as on 31st March 2021 is:

Capital and Liabilities Amount Assets Amount
Capital 1,00,000 Sundry Debtors 90,000
General Reserves 19,000 Inventory 10,000
Sundry Creditors 25,000 Prepaid Rent 2,000
Cash 42,000
1,44,000 1,44,000

The following transaction details are available for the month of April 2021: ( ) 1. Collection from Debtors 88,000 2. Payment to Creditors 24,000 3. Purchase of Inventory on Credit 80,000 4. Inventory costing 70,000 was sold on credit for 85,000 5. Recognition of Rent expense in April 2021 1,000 6. Wages paid in cash in April 2021 8,000

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