Prepare trading profit & loss and balancesheet

Ramesha.M (Accountant) (800 Points)

11 October 2012  

 

Dear Experts

Anybody prepare Trading Profit and Loss account and Balancesheet  with the help of Trial Balance

 

 

Particulars Debit  Credit
VAT Sales - 13.5%          334,340.00
VAT Purchase - 5%          17,124.00  
Accounting Charges            6,000.00  
tech Packs Ltd                817.20  
Bank Charges          19,339.00  
Capital            63,000.00
Carriage Inward            2,136.90  
Cash          15,377.00  
Depreciation        131,370.00  
Discount Allowed                250.20  
Drawings          57,500.00  
tech Signn & Display            3,999.50  
Entry Tax Paid          17,742.00  
mahendra Fusion            3,234.80  
Fire Insurance            1,385.00  
VAT Input - 13.5%          21,449.83  
VAT Input - 4%            1,179.07  
VAT Input - 5%            9,646.17  
Interest Paid        113,053.00  
Interest Received              2,021.00
Interstate Purchase            5,344.00  
Job Work          53,655.00  
Labour Charges Received            15,250.00
Sulekha Polymers            2,150.50  
VAT Output - 13.5%            41,539.55
Plant & Machinery        744,430.00  
SMEGP Ltd            39,614.50
VMACS Ltd          950,142.00
VAT Purchase - 13.5%        158,891.50  
VAT Purchase - 4%          29,472.43  
Varasidhi Auto Ltd            4,540.35  
Rounded Off                     1.00  
Sales Returns          26,635.00  
Service Charges            1,025.60  
Suspense              5,000.00
VAT Paid            3,158.00  
     
Grand Total    1,450,907.05    1,450,907.05