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

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

FINANCIAL ACCOUNTING
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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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
Transcribed Image Text: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
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