Prepare trading, profit and loss account and balance sheet as on 31st March 2000?
opening stock 5,000 Commission received 2,000
B/R 22, 500 Return inwards 2,500
Purchases 1,95,000 Trade expenses 1,000
Wages 14,000 Office furniture 5,000
Insurance 5,500 Cash at hand 2,500
Sundry Debtors 1,50,000 Cash at bank 23,750
Carriage inwards 4,000 Rent and taxes 5,500
Commission paid 4,000 Carriage out wards 7,250
Interest on capital 3,500 Sales 250,000
Stationery 2,250 Bills payable 15,000
Return inwards 6,500 Creditors 18,250
Capital 89,500
The closing stock was Rs. 1,25,000
B/R 22, 500 Return inwards 2,500
Purchases 1,95,000 Trade expenses 1,000
Wages 14,000 Office furniture 5,000
Insurance 5,500 Cash at hand 2,500
Sundry Debtors 1,50,000 Cash at bank 23,750
Carriage inwards 4,000 Rent and taxes 5,500
Commission paid 4,000 Carriage out wards 7,250
Interest on capital 3,500 Sales 250,000
Stationery 2,250 Bills payable 15,000
Return inwards 6,500 Creditors 18,250
Capital 89,500
The closing stock was Rs. 1,25,000
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