From the following balances, prepare Final Accounts of M/s Raja & Sons for the year ended 31st March, 2019:
Salary Rs 5,400, Insurance Rs 2,500, Cash Rs 400, Purchases Rs 84,170, Rent Received Rs 3,150, Drawings Rs 2,100, Bills Payable Rs 3,900, Debtors Rs 38,080, Stock (1st April, 2018) Rs 29,500, Bank Overdraft Rs 9,700, Carriage Rs 2,200, Creditors Rs 4,200, Trade Expenses Rs 4,900, Sales Return Rs 4,700, Machinery Rs 12,000, Wages Rs 45,000, Sales Rs 1,47,200, Purchases Return Rs 3,900, Capital Rs 58,900, Closing Stock (31st March, 2019) Rs 36,200.

Answer

Gross Profit - Rs 21,730; Net Profit - Rs 12,080; Balance Sheet Total - Rs 86,680