profit: ` , ; Net profit ` , , Balance sheet total ` , ) Accountancy . Prepare trading and profit and loss account and balance sheet from the following trial balance of Madan as on 31st March, Debit balance Credit balance Sundry debtors Plant and machinery Bank charges Wages Sales return Purchases Opening stock Drawings Establishment expenses Bad debts Business premises , , , , , , , , , , , Capital Purchases return Sales Bank overdraft , , , , , , , , , Adjustments: (a) The closing stock was ` , (b) Provide depreciation on plant and machinery @ % (c) Write off ` as further bad debts (d) Provide the doubtful debts @ % on sundry debtors ( Answer : Gross profit ` , , ; Net profit ` , ; Balance sheet total ` , , ) . From the following information prepare trading and profit and loss account and balance sheet of Kumar for the year ending 31st December, . Debit balance Credit balance Purchases Coal and fuel Carriage inwards Advertisement Carriage outwards Bank Furniture Debtors Bills receivable Stock on 1st January, , , , , , Sales Bills payable Rent received Creditors Capital , , , , , , Adjustments: a) The closing stock on 31st December, was valued at ` , .
b) Carriage inwards prepaid ` c) Rent received in advance ` d) Manager is entitled to receive commission @ % of net profit after providing such commission. ( Answer : Gross profit ` , ; Manager’s commission ` ; Net profit ` , ; Balance sheet total ` , ) Accountancy . From the following information, prepare trading and profit and loss account and balance sheet in the books of Sangeetha for the year ending 31st March, . Capital Bills receivable Bills payable Purchases Sales Opening stock Drawings , , , , , , , Salaries Establishment expenses Advertisement Furniture Cash at bank Miscellaneous receipts , , , , , Adjustments: (a) Stock on 31st March, `