Dr Trading and Profit & Loss we for the year ended 31"March, 2023 Cr Particulars Rs Particulars Re To Opening stock 7,00,000 | By Sales 350,000 To Purchase 1,60,000 } By Goods destroyed 20,000 To Wages 18,000 | By Closing stock 2,80,000 ‘To Carriage Inwards 5,000 ‘To Power and Lights 2,000 To Gross profit eld 2,65,000 650,000 650,000 To Carriage outwards 15,000 | By Gross profi bia 265,000 ‘To General/Miscellancous Exp 6,000 | By Discount received 22,000 To Salary to staff 17,000 | By Rent received 2,000 To Interest on Capital 15,000 | By Dividend from Indian Co 7,000 To Interest on Bunk Lost 10,000 | By Dividend from Fore 6.000 To Discount allowed 1,000 | By Interest on Debenture 1,500 To Rent Paid 4,000 | By Interest on govt security 3.500 ‘To Printing and Stationary 8,000 | By Bad debts recovered 5,000 (Disallowed Eater) ‘To Life Insurance premium 8,000 By Agricultural Income 11,000 To Fire Insurance Premium 25,000 By Share of income from firm } 14,000 To Income tax 1.400 By Profiton sale of Machine | 28,000 To Income tax procedure fees 1,000 By Winning from lotery 16,000 To Custom duty and GST 1.600 By Refund of Income tax 2,000 To Donation 50,000 By Commission received 3,000 ‘To Entertainment Expenses 28,000 By Interest from POSB. 800 To Depreciation By Gilt received from Friends } 3,200 ‘To Provision for depreciation 3,000 To Bad debts 12,000 ‘To Reserve for Bad debts 6,000 To Ault fees 8,000 To Car expenses 16,000 To Purchase of Furniture 40,000 To Extension of building 60,000 ‘To Legal Expenses 3,000 To contribution to Gratuity fund 6,000 ‘To Advertisement Expresses 10,000 To Loss from fire 3.000 ‘To Net profit 30,000 4,20,000 420,000 1) KIRAN. A.S, M.COM, NET, KSET, PGDBA