fbpx

Balance Sheet

Following was the Trial Balance of Mohan Brothers as on 31st March 2020. Prepare Trading and P & L Account and Balance Sheet. Stock on 31st March 2020 Was Rs. 32,500/-

ParticularsDebit Rs.Credit Rs.
Capital 125000
Building75000 
Cash6500 
Stock34500 
Furniture6500 
Debtors and Creditors4000024000
Motor Cycle60000 
Bad Debts1750 
Provision for Doubtful Debts 3000
Interest1000 
Commission 3750
Tax and Insurance8000 
Bank Overdraft 54500
Car Expenses9000 
General Expenses8000 
Salaries33000 
Purchases and Sales54750128500
Returns20001250
how to prepare balance sheet
Trading and P & L Account
trading and P and L Acount
Balance Sheet
balance sheet
Explanation Video

Leave a Comment