Home
Class 11
ACCOUNTS
Prepare trading and profit and loss acco...

Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following balances as on March 31, 2017.

Closing stock Rs. 8,000

Text Solution

Verified by Experts

The correct Answer is:
Gross loss Rs. 13,500, Net loss Rs. 20,000, Total balance sheet Rs. 1,85,000
N/a
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-I|5 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise LONG ANSWERS|4 Videos

  • DEPRECIATION , PROVISIONS AND RESERVES

    NCERT|Exercise NUMERICAL PROBLEMS|22 Videos

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise TEST YOUR UNDERSTANDING|5 Videos

Similar Questions

Explore conceptually related problems

Preparing Trading And Profit And Loss Account And Balance Sheet

Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Closing stock Rs. 30,000

From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Closing stock as on March 31,2017 Rs. 22,000

Prepare trading and profit and loss account and balance sheet as on March 31, 2017 : Closing stock as on March 31, 2017 Rs. 22,400

Prepare the trading and profit and loss account and balance sheet of M/s Control Device India on March 31, 2017 from the following balance as on that date. Closing stock was valued Rs. 20,000. (a) Interest on capital @ 10%. (b) Interest on drawings @ 5%. (c) Wages outstanding Rs. 50. (d) Outstanding salary Rs. 20. (e) Provide a depreciation @ 5% on plant and machinery. (f) Make a 5% provision on debtors.

From the following balances prepare trading and profit and loss account and balance sheet for the year ended March 31, 2017 The value of closing stock on March 31, 2017 was Rs 25,400

Prepare Trading and Profit and Loss Account and Balance Sheet of Jagat Shan as at 31st March, 2019 from the following balance: The Closing Stock was valued at Rs 2,00,000

Following are the balances extracted form the books of Manish on 31st March, 2019 : Prepare Trading and Profit and loss Account and Balance Sheet as at 31st March, 2019 after following adjustments are made : (i) Closing Stock was Rs 16,000. (ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%. (iii) Unpaid Rent amounted to Rs 500.