Question 6. From the following Trial Balance of the ABC Company, prepare the (a) Trading and Profit & Loss Account (b) Balance Sheet (20) Rs. Rs. Capital Plant & Machinery Furniture & Fixtures 57,500 23,500 7,500 8,700 18,250 10,560 Opening Stock Cash in bank Cash in hand O 000
Question 6. From the following Trial Balance of the ABC Company, prepare the (a) Trading and Profit & Loss Account (b) Balance Sheet (20) Rs. Rs. Capital Plant & Machinery Furniture & Fixtures 57,500 23,500 7,500 8,700 18,250 10,560 Opening Stock Cash in bank Cash in hand O 000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Question 6.
From the following Trial Balance of the ABC Company, prepare the (a) Trading
and Profit & Loss Account (b) Balance Sheet
(20)
Rs.
Rs.
Сapital
Plant & Machinery
Furniture & Fixtures
57,500
23,500
7,500
8,700
18,250
10,560
Opening Stock
Cash in bank
Cash in hand
Account Payable
10,000
Purchases
39,200
Sales
63,850
1,610
Sunday Creditors
Sundry Debtors
Wages
Drawings
Return inward
4,150
3,920
1,500
250
6,000
1,500
240
Rent
Advertising
Salaries
Mics. Expenses
Postage Expenses
Carriage Inward
Freight Outward
Discount Received
1,500
190
500
1,000
500
Motor Vehicle
8,000
Bank Loan
3,000
136,460
136,460
Additional Information:
• Closing Stock 7,400
Depreciate Plant & Machinery at 15%, Furniture & Fixtures at 15% and Motor
Vehicle at 10%.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7d8688f5-c72b-4642-9ea6-d649029e57b9%2F24485fdb-0485-45b9-b815-ee4d2326d224%2Fuyon4cn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 6.
From the following Trial Balance of the ABC Company, prepare the (a) Trading
and Profit & Loss Account (b) Balance Sheet
(20)
Rs.
Rs.
Сapital
Plant & Machinery
Furniture & Fixtures
57,500
23,500
7,500
8,700
18,250
10,560
Opening Stock
Cash in bank
Cash in hand
Account Payable
10,000
Purchases
39,200
Sales
63,850
1,610
Sunday Creditors
Sundry Debtors
Wages
Drawings
Return inward
4,150
3,920
1,500
250
6,000
1,500
240
Rent
Advertising
Salaries
Mics. Expenses
Postage Expenses
Carriage Inward
Freight Outward
Discount Received
1,500
190
500
1,000
500
Motor Vehicle
8,000
Bank Loan
3,000
136,460
136,460
Additional Information:
• Closing Stock 7,400
Depreciate Plant & Machinery at 15%, Furniture & Fixtures at 15% and Motor
Vehicle at 10%.
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