Question - 16

From is the following Trial balance of Shri Babu Bhai, prepare Trading and profit and Loss accounts and balance sheet for the year ending 31st March 2005.

Capital Rs. 20,000
Sundry Debtors Rs. 6,800
Sundry Creditors Rs. 4,600
Sales Rs. 33,600
Opening stock Rs. 5,340
Purchases Rs. 25,800
Building Rs. 10,000
Purchases reutrns Rs. 3,800
Machine Rs. 4,000
Furniture Rs. 1,600
Bills recievable Rs. 1,470
Salaries Rs. 2,650
Insurance Rs. 370
Freight Rs. 680
Trade exp. Rs. 460
Wages Rs. 830
Cash Rs. 2,000.