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Following Trial Balance is extracted fro...

Following Trial Balance is extracted from the books of a merchant on 31st March, 2019:

Stock in Hand on 31st March, 2019 was valued at Rs 32,500.
From the above, prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date

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The correct Answer is:
Gross Profit - Rs 95,900; Net Profit - Rs 37,400; Balance Sheet Total - Rs 2,21,800
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  16. From the following balances, as on 31st March, 2019, prepare Trading a...

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