5 Questions
What is the Gross Profit for the year ended 31st March, 2014?
Rs. 10,660
What is the total of Bills Receivable and Debtors on the Balance Sheet?
Rs. 9,000
What is the Net Profit for the year ended 31st March, 2014?
Rs. 8,400
What is the total of Creditors on the Balance Sheet?
Rs. 2,500
What is the total of Machinery and Furniture on the Balance Sheet?
Rs. 4,600
Learn how to prepare Trading, Profit & Loss Account, and Balance Sheet based on given financial balances and transactions for the year. Practice calculating closing stock, purchases, sales, returns, commissions, debtors, creditors, and building values.
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