ended 31st March, 2020 and Balance Sheet as at that L.F. Dr. Balance () Cr. Balance ) Heads of Accounts 5,00,000 Capital Plant and Machinery Land and Building 1,00,000 1,20,000 9,00,000 50,000 30,000 Sales Furniture and Fixtures Trade Expenses Cash at Bank 2,50,000 60,000 10,000 6,00,000 2,00,000 1,00,000 Wages and Salaries Repairs Purchases Opening Stock Sundry Debtors Sundry Creditors Purchases Return 1,20,000 S.. 10,000 ... 12,000 w.. Rent 8,000 Discount 10,000 Drawings 40,000 w.. Bills Receivable 30,000 ... Bills Payable 4,000 Bad Debts 10,000 ... Interest 10,000 Input CGST A/c Input SGST A/c nput IGST A/c Dutput CGST A/c Dutput SGST A/c Dutput IGST A/c 10,000 5,000 5,000 ... 5,000 ... 15,000 16,07,000 16.07,000 Total

ended 31st March, 2020 and Balance Sheet as at that L.F. Dr. Balance () Cr. Balance ) Heads of Accounts 5,00,000 Capital Plant and Machinery Land and Building 1,00,000 1,20,000 9,00,000 50,000 30,000 Sales Furniture and Fixtures Trade Expenses Cash at Bank 2,50,000 60,000 10,000 6,00,000 2,00,000 1,00,000 Wages and Salaries Repairs Purchases Opening Stock Sundry Debtors Sundry Creditors Purchases Return 1,20,000 S.. 10,000 ... 12,000 w.. Rent 8,000 Discount 10,000 Drawings 40,000 w.. Bills Receivable 30,000 ... Bills Payable 4,000 Bad Debts 10,000 ... Interest 10,000 Input CGST A/c Input SGST A/c nput IGST A/c Dutput CGST A/c Dutput SGST A/c Dutput IGST A/c 10,000 5,000 5,000 ... 5,000 ... 15,000 16,07,000 16.07,000 Total

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter2: Introduction To Financial Statements

Section: Chapter Questions

Problem 1PA: The following information is taken from the records of Baklava Bakery for the year 2019. A....

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