From the following Trial Balance of Sagar and priyanka, you are required to prepare a trading and profit and loss account for the year ended on 31st March, 2020 and balance sheet as on that date. Created by XxMichhfuggilxX.

Answer:Adjustments:-Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.4. Interest earned but not received ₹ 600.Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.4. Interest earned but not received ₹ 600.5. ₹ 200 for rent have been received in advance.Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.4. Interest earned but not received ₹ 600.5. ₹ 200 for rent have been received in advance.6. Charge interest on Capital @ 6% and ₹ 500 on Drawings.

From the following Trial Balance of Sagar and priyanka, you are required to prepare a trading and profit and loss

rawatnikki2003

Answer:

Adjustments:-

Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.

Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.

Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.

Adjustments:-1. Stock at 31st March 2019 is ₹ 70,000.2. Write off 5% Depreciation on Freehold Premises and 20% on office furniture.3. Commission earned but not received ₹ 500.4. Interest earned but not received ₹ 600.5. ₹ 200 for rent have been received in advance.

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