Question - 21

Prepare Trading and Profit & Loss A/c from the following particulars of M/s Neema Traders as on March, 31, 2017.

Building Rs. 23,000
Plant Rs. 16,930
Carriage inwards Rs. 1,000
Wages Rs. 3,300
Purchase Rs. 1,64,000
Sales Returns Rs. 1,820
Opening Stock Rs. 9,000
Machinery Rs. 2,10,940
Insurance Rs. 1,610
Interest Rs. 1,100
bad debts Rs. 250
Postage Rs. 300
Discount Rs. 1,000
Salaries Rs. 3,000
Debtors Rs. 3,900
Sales Rs. 1,80,000
Loan Rs. 8,000
Bills Payable Rs. 2,520
Bank overdraft Rs. 4,720
Creditors Rs. 8,000
Capital Rs. 2,36,000
Purchases Returns Rs. 1,910
Stock on March 31, 2017 Rs. 16,000.