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9. From the following Trial Balance of Mr.Kannan as on March 31, 2010 and additionalinformation given, prepare the trading and Profit and loss account for the year endedon March 31, 2010 and a balance sheet on that date.Profit and Loss account and Balance sheet.ParticularsDebit Balance Credit BalanceOpening stock12,500Capital1,12,500Debtors and Creditors15,0008,750Purchase and Sales1,00,0001,75,000Returns3,7502,500Carriage expenses2,000Wages and salaries6,250Commission3,250Machinery20,000Furniture5,000Bad debts2,000Provision for doubtful debts2,500Bills receivable/ Bills payables7,5001,750Land Buildings1,00,000Taxes and insurance4,250Discount allowed3,000Bank12,500Drawings12,500 |
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Answer» Answer: 010100101010010100101010101010101010100100010010101010100101001010101010010101010010101010010101010101010010101001010101010 |
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