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Mr. Roy does not maintain a proper books of account. However, he maintains a record...

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Accounting

Mr. Roy does not maintain a proper books of account. However, he maintains a record of his bank- transactions and is also to give the following information from which you are requested to prepare his Trading and Profit & Loss Account for the year ended 31.12.2022 and Balance Sheet as on that date. Particulars 31.12.22() ? Debtors Creditors Stock Bank Bance Fixed Assets Details of his bank transactions were as follows: AL 1.1.22() 1,02,000 Le ? 50,000 ? 7,500 Particular; Received from Debtors Additional Capital brought in Sale of Fixed Assets (Book Value *2,500) Paid to creditors Expenses Paid Personal Drawings Purchase of Fixed Assets No cash transactions took place during the year. Goods are sold at cost plus 25%. Cost of goods sc *2,60,000. AN RIGHT Balanc () 3,40,000 5,000 P Sheet 46,000 62,500 50,000 9,000 1,750 2,80,000 49,250 5,000 :1 ICU.B.COM(H)-20

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