The following figures have been extracted from the records of Fancy Stores a proprietary concern as on 31.12.2003. Rs. Rs. Furniture 15000 Insurance 6000 Capital A/C 54000 Rent 22000 Cash in hand 3000 Sundry debtors 60000 Opening stock 50000 Sales 600000 Fixed deposits 134600 Advertisement 10000 Drawings 5000 Postages and telephone 3400 Provision for bad debts 3000 Bad debts 2000 Cash at Bank 10000 Printing and stationary 9000 Purchases 300000 General charges 13000 Salaries 19000 Sundry creditors 40000 Carriage inwards 41000 Deposit from customers 6000 Prepare Trading, Profit and loss account and Balance sheet after taking into consideration the following information.(a) Closing stock as on 31st March was Rs. 10000.(b) Salary of Rs. 2000 is yet to be paid to an employee.

The following figures have been extracted from the records of Fancy Stores a proprietary concern as on XXXXXXXXXX. Rs. Rs. Furniture 15000 Insurance 6000 Capital A/C 54000 Rent 22000 Cash in hand 3000...

The following figures have been extracted from the records of Fancy Stores a proprietary concern as on 31.12.2003.

Prepare Trading, Profit and loss account and Balance sheet after taking into consideration the following information.

(a) Closing stock as on 31st March was Rs. 10000.

(b) Salary of Rs. 2000 is yet to be paid to an employee.

May 26, 2022