Burlington Junior College
Q 1) From the following Trial Balance of Mr. Piyush and Mr.
Arun. You are required to prepare Trading and Profit and Loss Account and
Balance Sheet as on the date:
Trial Balance as on 31 March, 2019
|
Debit balance |
Amount |
Credit balance |
Amount |
|
Stock Purchases Salaries Wages Carriage Royalties Freight Printing and stationery Sundry debtors Furniture Leasehold property Investment Travelling expenses Advertisement(3 months) Bad debts Discount allowed Cash in hand Cash at bank Fixed deposits |
30800 80000 5000 7500 3000 2500 700 1050 43000 20200 25000 15000 3450 30000 500 1800 7000 20000 15000 |
Capital account:- Piyush Arun Sundry creditors Interest received on fixed deposit Bank overdraft Sales |
80000 80000 20500 1000 10000 120000 |
|
|
311500 |
|
311500 |
