M/s R K Gupta & Sons deals in digital watches of multiple brands and has a...

M/s R K Gupta & Sons deals in digital watches of multiple brands and has a presence in various locations of Delhi-NCR. From the balances extracted from the books of M/s R K Gupta & Sons, prepare Trading & Profit & Loss A/c and the Balance Sheet. The value of stock as on 31 March 2020 was Rs 3700.

Particulars	Amount (Rs)	Particulars	Amount (Rs)
Opening stock	1250	Plant & Machinery	6230
Sales	11800	Return outwards	1380
Depreciation	667	Cash in hand	895
Commission (Cr.)	211	Salaries	750
Insurance	380	Debtors	1905
Carriage inwards	300	Discount (Dr.)	328
Furniture	670	Bills Receivable	2730
Printing charges	481	Wages	1589
Carriage outwards	200	Return inwards	1659
Capital	9228	Bank overdraft	4000
Creditors	1780	Purchases	8679
Bills payable	541	Petty Cash in hand	47
		Bad debts	180

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jeff jeffy answered 1 year ago

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