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The following is the Balance Sheet of Mr. Raghu as on Mar 31, 2007.
Liabilities
Assets
Capital
1,92,000
Buildings1,30,000
Loan
60,000
Furniture20,000
Creditors
124,000
Motor car36,000
Stock
80,000
Debtors
68,000
Cash in hand
8,000
Cash at bank
34,000
3,76,000
A riot occurred on Mar 31, 2008 in which all books and records were lost. The cashier had absconded with the available cash. Mr. Raghu gives the following information:
Rs
Payment to Creditors
5,50,000
Personal drawings
30,000
Cash deposited in bank
2,86,000
Cash withdrawn from bank
48,000
Prepare the trading and profit and loss account for the year ended Mar 31, 2008
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