The Total solution for NCERT class 6-12
Account Title
Debit Amount Rs
Credit Amount Rs
Opening stock
50,000
Purchases and sales
3,50,000
4,21,000
Sales returns
5,000
Capital
3,00,000
Commission
4,000
Creditors
1,00,000
Bank overdraft
28,000
Cash in hand
32,000
Furniture
1,28,000
Debtors
1,40,000
Plants
60,000
Carriage on purchases
12,000
Wages
8,000
Rent
15,000
Bad debts
7,000
Drawings
24,000
Stationery
6,000
Travelling expenses
2,000
Insurance
Discount
Office expenses
Trading Account as on March 31, 2017
Dr.
Cr.
Particulars
Amount
Rs
Opening Stock
Sales
Purchases
Less: Sales Return
4,16,000
Carriage on Purchases
Closing Stock
2,500
Profit and Loss (Gross Loss)
1,500
4,20,000
Profit and Loss Account as on March 31, 2017
Trading (Gross Loss)
Net Loss
41,500
Bad Debts
Travelling Expenses
Office Expenses
45,500
Balance Sheet as on March 31, 2017
Liabilities
Assets
Less: Net Loss
(41,500)
Less: Drawings
(24,000)
2,34,500
Cash in Hand
Bank Overdraft
3,62,500