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Trading and Profit and Loss Account for the year ended 31st March, 2017
Particulars Amount Particulars Amount

To Purchases A/c 1,500,000 By Sales A/c 1,850,000

" Gross Profit C/d 700,000 " Closing Stock 350,000

2,200,000 2,200,000
To
Salary 80,000 By Gross Profit B/d 700,000
" Electricity
Charges 17,000

" Audit Fees 7,000

" Insurance
Premium 6,000
" Travelling
expenses 3,500

" Int. on Loan 22,500

" Net Profit

Arun 282,000

Barun 282,000

564,000

700,000 700,000