In: Finance
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 |