Q.1.

From the following Trial Balance, prepare Trading, Profit and loss account and Balance
sheet.
Trial Balance
PARTICULARS AMOUN PARTICULARS AMOUN
T T
Salary 5,500 Cash & Bank Balance 5,600
Rent 1,300 Debtors 40,000
Purchases 25,000 Creditors 18,500
Office Furniture 10,000 Direct Expenses 600
Sales 32,000 Capital Account 30,000
Advance to Worker 2,500 Loan received 10,000

Adjustments:
1. Closing stock Rs.10, 000.
2. Depreciation to be provided on Furniture @ 10%.