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/-
| Particulars | Debit Rs. | Credit Rs. |
| Capital | 125000 | |
| Building | 75000 | |
| Cash | 6500 | |
| Stock | 34500 | |
| Furniture | 6500 | |
| Debtors and Creditors | 40000 | 24000 |
| Motor Cycle | 60000 | |
| Bad Debts | 1750 | |
| Provision for Doubtful Debts | 3000 | |
| Interest | 1000 | |
| Commission | 3750 | |
| Tax and Insurance | 8000 | |
| Bank Overdraft | 54500 | |
| Car Expenses | 9000 | |
| General Expenses | 8000 | |
| Salaries | 33000 | |
| Purchases and Sales | 54750 | 128500 |
| Returns | 2000 | 1250 |
Trading and P & L Account
Balance Sheet
Explanation Video
