From the following balances obtained from the books of Siva, prepare trading and profit and loss account. Particulars Particulars 9,000 Bad debts 22,000 Sundry expenses Stock on 01.01.2016 1,200 Purchases 1,800 Sales 42,000 Discount allowed 1,700 Expenses on purchases Bank charges paid 1,500 Expenses on sale 3,500 Repairs on office furniture 1,000 600 Adjustments: i. Closing stock on, 31st December, 2016 was Rs. 4,500

From the following balances obtained from the books of Siva, prepare trading and profit and loss account. Particulars Particulars 9,000 Bad debts 22,000 Sundry expenses Stock on 01.01.2016 1,200 Purchases 1,800 Sales 42,000 Discount allowed 1,700 Expenses on purchases Bank charges paid 1,500 Expenses on sale 3,500 Repairs on office furniture 1,000 600 Adjustments: i. Closing stock on, 31st December, 2016 was Rs. 4,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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