Question - 20

Prepare Trading and profit and loss A/c and Balance sheet from the following Trial Balance extracted from the books of Sohan lal for the year ending 31st March 2002.
Trial Balance

Opening stock Rs. 3,000
Purchase Rs. 10,000
Debtors Rs. 6,000
Trading exp. Rs. 1,000
Plant and machinery Rs. 5,000
Insurance Rs. 180
Building s. 6,300
Wages Rs. 2,500
Salaries Rs. 2,400
Capital Rs. 10,800
Purchase returns Rs. 350
Creditors Rs. 7,850
B/P Rs. 1,400
Sales Rs. 24,200
Commission Rs. 400
Drawings Rs. 920
Cash Rs. 2,700
B/R Rs. 4,000
Bad debts Rs. 1,000.