, Drawings , Sundry creditors , , , Sundry expenses Rent & taxes , Carriage inwards Bank Openings stock , Closing stock as on March , Rs. , [ Ans . Gross profit Rs. , , Net profit Rs.
, , Total balance sheet Rs. , ] . The following trial balance is extracted from the books of M/s Ram on March , . You are required to prepare trading and profit and loss account and the balance sheet as on date : Account title Account title Debtors Apprenticeship premium , Loan , Coal, gas and water , Bank overdraft Factory wages , , , Creditors , Rent , , Discount , Advertisement Drawings Loan , Petty cash Sales return Machinery Land and building , Income tax Furniture , ( Ans .
Gross profit: Rs. , , Net profit: Rs. , Total balance sheet: Rs. , ) .
The following is the trial balance of Manju Chawla on March , . You are required to prepare trading and profit and loss account and a balance sheet as on date : Account title Debit Credit , Purchases and sales , , Returns Productive wages , Dock and Clearing charges , Donation and charity Delivery van expenses , Lighting Sales tax collected Misc. incomes , Rent from tenants , Royalty , , Drawings , Debtors and Creditors , , Cash , Investment , Patents , Land and Machinery , Closing stock Rs. , .
( Ans. Gross Profit: Rs. , , Net profit: Rs. , , Total balance sheet: Rs.
, ) . The following is the trial balance of Mr. Deepak as on March , . You are required to prepare trading account, profit and loss account and a balance sheet as on date : Account title Debit Account title Credit Drawings , ,50000 Insurance , Bills payable , General expenses , Creditors , Rent and taxes , Discount recived , Lighting (factory) , Purchases return Travelling expenses , , , Cash in hand , Bills receivable Sundry debtors , , Furniture , Plant and Machinery , , , , , Sales return , Carriage