SAMSONITE

TRADING AND PROFIT & LOSS ACCOUNT FOR THE YEAR ENDING 31.3.2020

Particular Amount Particular Amount

To opening stock 480,000 By sales 449000

To purchase 77ooo (-)s/r 450 485550

(-)p/r 9000 By closing stock 273600

(-)loss by theft5000 71000

To gross profit 208150

759150 759150

To discount all. 3100 By gross profit 208150

To loss by theft 15000 By commission 40000

To interest by bank 50 By int. on fixed assets 8000

To travel expenses 800

To trade expenses 500

To trans. Expenses 250

To miscell. expenses 10000

To bad debts 7500

To dep. On building 80000

To adv. Expenses 41000

To salary 15000

To Net profit 46450

256150 256150
 BALANCE SHEET AS 0N 31.3.2020

Particular Amount Particulars Amount

Capital 1180000 cash in hand 44350

(+)net pro.46450 investment 50000

(-) drawing 3000 1215450 closing stock 273600

Debtors 310000

Insurance 4500

Building 400000

(-) dep 80000 320000

Fur. & fittings 110000

Electric fittings 10000

Fixed deposit100000

(+) interest 8000 108000