Answer / mahesh hk

Firstly you need to pass journal entry and you need to post
it in ledger and after that with the help of journal entry
you need to prepare the Trading Account and profit and loss
account and Next step is to prepare profit and loss
appropriation account. Then you can entry the Asset on the
right hand side and then liablity to be left hand side of
Balance sheet.

Answer / yash

MAKE A TRIAL BALANCE AND POSTED ALL ENTRIES ACCORDING DR.
OR CR. AND FIRST MAKE A TRADING A/C AND P&L A/C THEN AFTER
PROFIT OR LOSS WHO IS RECEIVED TRANSFER IN THE CAPITAL A/C
AND PREPARE A BALANCE SHEET ACCORDING TO TRIAL BALANCE ONE
SIDE LIABILITIES AND OTHER SIDE ASSETS
U CAN TRY AND U MAKE IT

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