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Answer Posted / srinivas rao
check the accuracy of the trail balance after basing on the
trail balance amounts to prepare the trading and profit and
loss a/c then take the net profit after taking the net profit
take the assets and liabilties assign the assets left side
and libilties right side and balancing the amounts
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Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
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