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