An unadjusted trial balance of a company as on 30th Chaitra 2078 is provided below: Dr.ParticularsRs.Cr.ParticularsRs.Opening stock40,000Share capital200,000Purchases120,00015% Bank…

An unadjusted trial balance of a company as on 30th Chaitra 2078 is provided below:

Dr.ParticularsRs.Cr.ParticularsRs.Opening stock40,000Share capital200,000Purchases120,00015% Bank loan120,000Carriage inward4,000Accounts payable70,000Salaries43,000Discount received10,000Insurance20,000Sales revenue250,000Cash and bank67,000Accounts receivable40,000Land and building230,000Furnitures80,000Discount allowed6,000650,000650,000

Additional information:

➢ Closing stock: Rs 60,000. ➢ Depreciation charged on furniture: @ 25% p.a. ➢ Salary outstanding: Rs 5,000. ➢ Insurance prepaid: Rs 5,000. a. Interest on bank loan is fully outstanding.

Required:

a. Income statement b. Balance sheet c. Current ratio, debt equity ratio, and inventory turnover ratio