Arjun carries on grocery business and does not keep his books on double entry basis.
The following particulars have been extracted from his books:
| Particulars |
1-4-2018
Rs. |
31-3-2019
Rs. |
| Plant and machinery |
20,000 |
20,000 |
| Stock |
9,000 |
16,000 |
| Sundry debtors |
2,000 |
5,300 |
| Sundry creditors |
5,000 |
4,000 |
| Cash at bank |
4,000 |
6,000 |
Other information for the year ending 31-3-2019 showed the following
| |
Rs. |
| Advertising |
4,700 |
| Carriage inwards |
8,000 |
| Cash paid to creditors |
64,000 |
| Drawings |
2,000 |
Total sales during the year were ` 85,000. Purchases returns during the year were ` 2,000 and
sales returns were ` 1,000. Depreciate plant and machinery by 5%. Provide ` 300 for doubtful
debts. Prepare trading and profit and loss account for the year ending 31st March, 2019 and a
balance sheet as on the date.
