This question was asked in AS – 22 Accounting for taxes on Income
credit (*) 9,790 & il revenue a ou? income forget and 6,470 cred 660 bank drawings bobi) 3. the following is the trial balance of harinath business, for the year ending 31 march 2019: debit (5) capital 2,100 a debtors and creditors 8,220 deb cash and bank balance lib 240 cash discounts purchases and sales 10,270 por factory premises 5,500 wages and salaries 1,880 office furniture a 1,000 stock as on 1.4.20197 -3,120 general expenses? 210 rates and insurance pl_ 270 returns inwards and outwards 1,500 100 34,750 el 340 exp./ given 210 receive /372) 16,620 sale pir p/r 1,000 bad debts she 34,750 prepare the trading account and the profit and loss account for the year ended 31-3-2019, together with the balance sheet as on that date. stock on 31-3-2019 valued at 5,690. (ans. gross profit 6,540; net profit 5,830; balance sheet total 20,650)
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