Following is the trial balance of Kartik Makkar as on 31st March 2013 5 marks Name of...........

Accountancy (11th) Chapter-9 Financial Statements-1

Following is the trial balance of Kartik Makkar as on 31st March, 2013 (5 marks)

Name of Account	Debit Amount (Rs.)	Name of Account	Credit Amount (Rs.)
Stock on 1 st April, 2009	20,000	Discount Received	1,500
Purchases	1,16,000	Return outwards	5,200
Wages	4,000	Sales	1,97,300
Returns inwards	7,040	Bills payable	6,000
Carriage on purchases	4,720	Sundry creditors	11,200
Carriage on sales	1,420	Creditors for rent	1,000
Office salaries	9,600	Capital	80,000
Duty on imported goods	5,400	Loan from Raj	20,000
Rent and taxes	4,800	Commission	2,400
Cash	2,200
Bank balance	15,640
Bad debts	1,200
Discount allowed	1,280
Land and building	40,000
Scooter	13,200
Scooter repairs	1,700
Bills receivable	7,000
Commission	3,600
Sundry Debtors	50,800
Interest on Raj’s Loan	3,000
Drawings	12,000
	3,24,600 ======		3,24,600 ======

Prepare a trading and profit and loss account for the year ended on 31st March, 2013 and the balance sheet as at that date. The stock on 31st March, 2010 was Rs. 44,000.

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