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Q1.

The following Trial Balance was extracted from the books of Balikishan as on 31st December 2005:

RS
Plant and Machinery Mfg.Wages Salaries Furniture Freight on Purchase Freight on Sales Buildings Manufacturing Expenses Insurance and Taxes Goodwill General Expenses Fuel and Power S.Debtors Factory Lighting Stock(31-12-2004) Motor Car Purchases Sales Return Bad debts Interest and Bank Charges Cash at Bank Cash in hHand 20000 34500 15850 10000 1860 2140 24000 9500 4250 25000 8200 1280 78200 950 34200 12000 102000 3100 1400 400 4200 1120 Capital Account Sundry Creditors Bank Loan Purchase Returns Sales Reserve for bad debts

RS
80000 44560 15000 1740 250850 2000

Total

394150

394150

Prepare trading and profit and loss account and balancesheet .

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