Page 15 - HA- SUBJECTIVE - Copy

Bills Payable 8,700 11,500
Sundry Debtors 35,000 34,000
Stock (At cost) 28,000 25,000
Furniture and Fittings 10,000 12,000
Cash 5,100

Following additional information is also avialable for the year ended 31st
March, 2018:
₹
Bills Payable Issued 20,800
Cash Sales 15,000
Payment to Sundry Creditors 31,000
Expenses paid 6,600
Drawings 8,000

Bad Debts during the year were ₹900. As regards sale, Surya tells you that
he always sells goods at Cost plus 25%. Furniture and Fittings are to be
depreciated at 10% of the value in the beginning of the year.
Prepare Surya's Trading and Profit and Loss Account for the year ended 31st
March, 2018 and his Balance Sheet on that dat