From the following Trial Balance of Sanjiv & Sons. Prepare Trading Account and Profit & Loss Account for the year ending on 31st March, 2019 and a Balance Sheet as on that date.
Particulars Debit Amount ( ₹) Credit Amount (₹) Opening stock 22,000 Purchase and Sales 1,78,000 4,60,000 Carriage Outward 4,800 Plant and Machinery 50,000 Debtors and Creditors 44,000 76,000 Returns 2,000 4,000 Buildings 58,000 Motor Van 40,000 Printing and Stationery 3,000 Wages 28,000 Reserved for Bad debts 3,200 Communication 2,400 Office expenses 5,400 Carriage 9,000 Furniture 20,000 premises 81,000 Loose Tools 20,400 Drawings 24,700 Bank O ver draft 22,00 Cash in hand 71,000 Dividend 3,300 Capital ...