Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 4. prepare trading and profit and loss account and

4. Prepare trading and profit and loss account and balance sheet as on March 31,2017...

60.1K

Verified Solution

Question

Accounting

4. Prepare trading and profit and loss account and balance sheet as on March 31,2017 :
Account Title
Amount
Account Title
Amount
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 & taxes
1,350
Carriage inwards
450
Bank
4,500
Openings stock
6,000
Closing stock as on March 31,2017`22,400

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students