Set up a trial parity as on that date

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Reference no: EM13910738

the accompanying offsets were extricated from the record of Mr.Ramakrishna as on 31st March 2003. You are obliged to set up a trial parity as on that date.

Rs. Rs.

Drawings 60,000 Salaries 95,000

Capital 2,40,000 Sales return 10,000

Sundry creditors 4,30,000 Purchases return 11,000

Bills payable 40,000 Commission paid 1,000

Sundry debtors 5,00,000 Trading expenses 25,000

Bills receivable 52,000 Discount earned 5,000

Plant & Machinery 45,000 Rent 20,000

Opening stock 3,70,000 Bank overdraft 60,000

Cash in hand 9,000 Purchases 7,08,000

Cash at bank 25,000 Sales 11,80,000

Reference no: EM13910738

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