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in Class 11 by kratos

From the following balances, prepare Final Accounts of M./*. Mangal & Sons for the year ended 31st March, 2018:
Opening Stock Rs. 12,500; Bills Receivable Rs. 2,000; Sales Rs. 70,000; Purchases Rs. 37,500; Creditors Rs. 20,000; Salaries Rs. 3,850; Insurance Rs. 200; Debtors Rs. 32,500; Carriage Rs. 1,450; Commission Rs.750; Interest Rs. 900; Printing Rs. 250; Bills Payable Rs. 3,150; Returns In Rs. 1,300; Returns Out Rs. 500; Bank Rs. 5,250; Rent and Taxes Rs. 1,300; Furniture Rs. 1,000; Capital Rs 7,100; Stock on 31st March, 2018 Rs. 15,000.

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+3 votes
by kratos
 
Best answer

Balance Sheet as on March 31,2018

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