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please solve the sum! and tell me to where from prepare this topic
Hassan started business on January 1, 2013 with a capital of Rs.90000. He kept cash book and a record of his receivable and
payables in a diary. His cash book showed following transactions for the year. Rs. Expenses paid 22000 Cash purchases 56000 Cash sales 42000 Payments to creditors 100000 Receipts from debtors 140000 Personal drawings 10000 Purchase of a motor cycle 60000 On December 31, 2013 the stock was valued at Rs.20000. The payables and receivables were Rs.120000 and Rs.110000 respectively. Provide depreciation motor cycle at the rate of 20%. Prepare trading and profit and loss account for the year ended December 31, 2013 and balance sheet as on date. |
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