Subjective Questions on Prepare trading and profit and loss account and balance sheet as on March 31 2017 5 marks ........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

Prepare trading and profit and loss account and balance sheet as on March 31 2017 5 marks ...........

Accountancy (11th) Chapter-9 Financial Statements-1
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    Prepare trading and profit and loss account and balance sheet, as on March 31, 2017 :   (5 marks)

    Account Title

    Amount

    Rs

    Account Title

    Amount

    Rs

    Machinery

    27,000

    Capital

    60,000

    Sundry debtors

    21,600

    Bills payable

    2,800

    Drawings

    2,700

    Sundry creditors

    1,400

    Purchases

    58,500

    Sales

    73,500

    Wages

    15,000

    Sundry expenses

    600

    Rent and taxes

    1,350

    Carriage inwards

    450

    Bank

    4,500

    Openings stock

    6,000
    Closing stock, as on March 31, 2017 Rs 22,400.
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