The follwing is the trial balance of Manju Chawla on March 31, 2011. You are required to prepare Trading and Profit and Loss account and a balance sheet as on date. Account TitleAmt. (Dr.)Amt. (Cr.)Opening Stock10,000Purchase and Sales40,00080,000Returns 200 600Productive Wages 6,000Dock and Clearing Charges 4,000Donation and Charity 600Delivery Van Expenses 6,000Lighting 500Sales Tax Collected 1,000Bad debts 600Miscellaneous incomes 6,000Rent from Tenants 2,000Royalty 4,000Capital40,000Drawings 2,000Debtors and Creditors 6,700 7,000Cash 3,000Investment 6,000Patents 4,000Land and Machinery43,000 Additional Information: Closing Stock Rs. 2,000

The follwing is the trial balance of Manju Chawla on March 31, 2011. Y

1.	The follwing is the trial balance of Manju Chawla on March 31, 2011. You are required to prepare Trading and Profit and Loss account and a balance sheet as on date. Account TitleAmt. (Dr.)Amt. (Cr.)Opening Stock10,000Purchase and Sales40,00080,000Returns 200 600Productive Wages 6,000Dock and Clearing Charges 4,000Donation and Charity 600Delivery Van Expenses 6,000Lighting 500Sales Tax Collected 1,000Bad debts 600Miscellaneous incomes 6,000Rent from Tenants 2,000Royalty 4,000Capital40,000Drawings 2,000Debtors and Creditors 6,700 7,000Cash 3,000Investment 6,000Patents 4,000Land and Machinery43,000 Additional Information: Closing Stock Rs. 2,000
Answer» The follwing is the trial balance of Manju Chawla on March 31, 2011. You are required to prepare Trading and Profit and Loss account and a balance sheet as on date. $\begin{matrix} Account Title & Amt. (Dr.) & Amt. (Cr.) Opening Stock & 10, 000 Purchase and Sales & 40, 000 & 80, 000 Returns & 200 & 600 Productive Wages & 6, 000 Dock and Clearing Charges & 4, 000 Donation and Charity & 600 Delivery Van Expenses & 6, 000 Lighting & 500 Sales Tax Collected & 1, 000 Bad debts & 600 Miscellaneous incomes & 6, 000 Rent from Tenants & 2, 000 Royalty & 4, 000 Capital & 40, 000 Drawings & 2, 000 Debtors and Creditors & 6, 700 & 7, 000 Cash & 3, 000 Investment & 6, 000 Patents & 4, 000 Land and Machinery & 43, 000 \end{matrix}$ Additional Information: Closing Stock Rs. 2,000

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