• Aman Sachdeva promotes, 

Aman Home Products, his proprietary

firm, on April 1, 20CY. The following are the details of the transactions
entered into by the firm during the month of April.
• Refer to the case of AMAN HOME PRODUCTS given in the last slide. Aman now
wants to know as to where his firm stands after one month of running. Help him.
Towards this purpose comply with the following requirements.
• 
• Requirements:
• Analysis of the trial balance as already prepared.
• Make adjustment for closing inventory amounting to ₹50,000.
• Construction of the balance sheet.
• Construction of the profit and loss account, Trial balance, Ledgers and journal
entries..
• Brief analysis of the financial statements.