Closing Stock of Arora Computer, Deeg on 31st March 2020 was Rs. 1,00,000. His Trial Balance on That Date Was Follows :
| Particulars | Debit Rs. | Credit Rs. |
|---|---|---|
Drawings and Capitals | 60,000 | 8,00,000 |
Machinery | 2,00,000 | |
Advertisement | 40,000 | |
Opening Stock | 1,20,000 | |
Purchases and Sales | 7,50,000 | 12,00,000 |
Debtors | 1,90,000 | |
Creditors | 94,000 | |
Furniture | 58,000 | |
Freight on Sales | 27,000 | |
Royalty | 5,000 | |
Rent | 46,000 | |
Interest | 18,000 | |
Collected Income Tax | 1,800 | |
Audit Fee | 12,000 | |
Provision for Doubtful Debts | 6,000 | |
Dividend | 9,200 | |
Rent | 12,000 | |
Wages | 7,000 | |
Salaries | 2,13,000 | |
Building | 1,00,000 | |
Cash | 12,000 | |
Bank | 2,65,000 |
Prepare Trading and P & L Account for the Year Ending 31st March 2020 and Balance Sheet as on That Date.
Trading and Profit & Loss Account
Balance Sheet
Explanation Video