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Following is the balance of Sai ram as on 31st March 2017.prepare trading and profit and loss account and balance sheetCapital one lakh12% loan from Ajay 15000Commission received 4500sundary creditors 10,000Discount received 3000Sales 100000Opening stock 25000Establishment exp 15000Bank balance 20000Drawings of 18000Buildings of 15000Furniture 27500Motorvan 25000Interest on loan from Ajay 900Purchase 75000Wages 2000Sundary debtors 28100Insurance thousandAdjustment A) the value of stock on 31-3-2017 was 32000 rupeesB) outstanding wages 500 prepaid insurance 300C) depreciate building at 10% and motorvan and 20%D) provide reserve for bad habits at 5% on debited |
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Answer» 2000+75000+28100+32000 |
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