From the following balances of M/S Kapil and Sons, prepare a Trading and Profit and Loss Account for the year ending on Mar 31, 2010.
|
Rs |
Rs |
||
|
Opening stock |
1,60,000 |
Creditors |
56,000 |
|
Stock (Apr 1. 2009) |
21,600 |
Bills Payable |
36,000 |
|
Sales |
1,00,864 |
Purchases |
56,912 |
|
Returns inwards |
2,000 |
Returns Outwards |
4,200 |
|
Discount (Cr.) |
440 |
Discount (Dr.) |
200 |
|
Commission (Cr.) |
1,600 |
Salaries |
6,000 |
|
Wages |
8,400 |
Insurance |
600 |
|
Interest |
520 |
Bad Debts |
204 |
|
Postage |
540 |
Carriage |
1,600 |
|
Carriage on Sales |
1,000 |
Depreciation |
600 |
|
General Charges |
2,460 |
Travelling Expenses |
1,640 |
|
Building |
20,000 |
Advertisements |
1,700 |
|
Stock (Mar 31, 2010) |
10,000 |