Question - 19 

Prepare Trading Account Profit and Loss A/c and Balance Sheet of Shri Satish Stores for the year ended 31st Dec., 2000 from the following informaiton.

Capital Rs. 10,000
B/R Rs. 1,400
Plant and machinery Rs. 6,400
Opening stock Rs. 3,150
Purchase Rs. 10,650
Sales Rs. 18,200
Carriage on purchases Rs. 320
Travelling exp. Rs. 1,230
Bad debts Rs. 450
Closing Stock Rs. 6,000
Salaries Rs. 3,250
Cash in hand Rs. 2,600
Sundry debtors Rs. 3,200
Sundry Creditors Rs. 4,450
B/P Rs. 1,350
Taxes and insurance Rs. 750
Commissoin (Cr.) Rs. 300
Drawings Rs. 650
Discount allowed Rs. 250