The following trial balance was taken from the books of DG & Company on March 31, 2024
Cash 13,000
Sundry debtors 10,000
Bill receivable 8,500
Opening stock 45,000
Building 50,000
Furniture and fittings 10,000
Investment (Temporary) 5,000
Plant and Machinery 15,500
Bills payable 9,000
Sundry creditors 20,000
Guru capital 78,200
TA drawings 1,000
Sales 100,000
Sales discount 400
Purchases 30,000
Freight in 1,000
Purchase discount 500
Sales salary expenses 5,000
Advertising expenses 4,000
Miscellaneous sales expenses 500
Office salary expenses 8,000
Misc. general expenses 1,000
Interest income 1,000
Interest expenses 800
2,08,700 2,08,700
Closing stock on March 31, 2024. was Rs. 10,000
Prepare trading and profit and loss account & balance sheet from the above trial balance in report form.
