From the following trial balance prepare a trading account and profit and loss account and balance sheet Erom the folloPng Thial Ralance PuponeTrading and Pruft t q loss Alc and RulanceNameAceoontsDe bitGredi't,CashAcantCapital Accun!Bank26,30, So050,00.pm31,39,000x4,00,000AuuntPunchade A c( auntMachi nay AccontComputer A ceuntSalesDinesh $ Commpany OreditarsMohit ķ Company De bt areEenni tele AlcontIndarcince poerninme MccountCommission seuenced AcoontC,00,0005000032, 00, 00012, 50,000Account1,50,00020,0020,000Dexwing AuuoneSalunyAccoul25,000Rent16, 000TO TAL94,70,000AdjustmentsMachinery aad fertontsato be depsnelatedare10%by5,000 are autstandingfonCapidel 2 1,50oProol ng Z 300* 2,000 as futher deblsTnderance amoonscolarres4,000d.have beeniecievrd in advonceIntenestInteresteni'teSataresting to600 is Parcl ioy odyarclosing stock 2 3,000.ん

Name: From the following trial balance prepare a trading account and profit
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Description: From the following trial balance prepare a trading account and profit and loss account and balance sheet Erom the folloPng Thial Ralance PuponeTrading and Pruft t q loss Alc and RulanceNameAceoontsDe bitGredi't,CashAcantCapital Accun!Bank26,30, So05

Trading, profit and loss account, and balance sheet form part of financial statements. The gross…

Answered: From the following trial balance…

Business

Accounting

From the following trial balance prepare a trading account and profit and loss account and balance sheet

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter5: Internal Control And Cash

Section: Chapter Questions

Problem 5SEQ

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Concept explainers

Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is

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From the following trial balance prepare a trading account and profit and loss account and balance sheet

Erom the folloPng Thial Ralance Pupone
Trading and Pruft t q loss Alc and Rulance
Name
Aceoonts
De bit
Gredi't,
Cash
Acant
Capital Accun!
Bank
26,30, So0
50,00.pm
31,39,000
x4,00,000
Auunt
Punchade A c( aunt
Machi nay Accont
Computer A ceunt
Sales
Dinesh $ Commpany Oreditars
Mohit ķ Company De bt are
Eenni tele Alcont
Indarcince poerninme Mccount
Commission seuenced Acoont
C,00,000
50000
32, 00, 000
12, 50,000
Account
1,50,000
20,00
20,000
Dexwing Auuone
Saluny
Accoul
25,000
Rent
16, 000
TO TAL
94,70,000
Adjustments
Machinery aad fertonts
a
to be depsnelated
are
10%
by
5,000 are autstanding
fon
Capidel 2 1,50o
Prool ng Z 300
* 2,000 as futher debls
Tnderance amoon
scolarres
4,000
d.
have been
iecievrd in advonce
Intenest
Interest
eni'te
Satares
ting to
600 is Parcl ioy odyar
closing stock 2 3,000.
ん

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

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