Q1. The Following Balances Are Extracted From The Books Of
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SET-1 Q1. The following balances are extracted from the books of Kiran Trading Co. on 31st march 2000.You are required to prepare trading and profit and loss and a balance sheet as on that date : Opening stock
Commission received B/R 22,500 Return outward purchases 1,95,000 Trade expenses wages 14000 Office furniture Insurance 5500 Cash in hand Sundry debtors 1,50,000 Carriage 4,000 inwards Commission 4,000 paid Interest on 3,500 capital stationery 2,250 Return inwards
5,000
6,500
2,000 2,500 1,000 5,000 2,500
Commission received B/R 22,500 Return outward purchases 1,95,000 Trade expenses wages 14000 Office furniture Insurance 5500 Cash in hand Sundry debtors 1,50,000 Carriage 4,000 inwards Commission 4,000 paid Interest on 3,500 capital stationery 2,250 Return inwards
5,000
6,500
2,000 2,500 1,000 5,000 2,500
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