Trading and profit and loss account :

for year ending on 31st march 2019.

Dr. Particulars	Amount AED	Cr. Particulars	Amount AED
Purchases	37,500	Sales	72,000
Carriage inward	1,450	Return outwards	500
Return inward	1,300
Gross profit c/d	32,250
	72,500		72,500
Rent paid	1,200	Gross profit b/d	32,250
Rent & Taxes	1,300
Salaries	3,850
Commission	750
Postage	250
interest	1,900
Net profit	23,000
	32,250		32,250

Balance sheet

As on 31 march 2019.

Liabilities	Amount AED	Assets	Amount AED
Capital A/c:		Fixed assets
Opening balance 7,100		Furniture	2,000
Add:Net profit 23,000	30,100
Current liabilities:		Current Assets:
Sundry creditors	22,000	Cash at bank	6,250
Bills payables	4,150	Stock	12,500
		B/R	3,000
		Sundry debtors	32,500
Total Liabilities	56,250	Total Assets	56,250

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