Prepare the trading and profit and loss account and balance sheet of M s Control Device India on Mar...........

Accountancy (11th) Chapter-10 Financial Statements-2

Prepare the trading and profit and loss account and balance sheet of M/s Control Device India on March 31, 2017 from the following balance as on that date. (5 marks)

Account Title	Debit Amount Rs	Credit Amount Rs
Drawings and Capital	19,530	67,500
Purchase and Sales	45,000	1,12,500
Salary and Commission	25,470	1,575
Carriage	2,700
Plant and Machinery	27,000
Furniture	6,750
Opening stock	42,300
Insurance premium	2,700
Interest		7,425
Bank overdraft		24,660
Rent and Taxes	2,160
Wages	11,215
Returns	2,385	1,440
Carriage outwards	1,485
Debtors and Creditors	36,000	58,500
General expenses	6,975
Octroi	530
Investment	41,400
	2,73,600	2,73,600