Trial Balance as on 31/03/2022 Notes: 1) The raw materials, work in…

Question Answered step-by-step Trial Balance as on 31/03/2022 Notes: 1) The raw materials, work in…  Trial Balance as on 31/03/2022Image transcription textDebit Credit Balances Account Account Balances (Rs.) (RS.) Sundry Debtors 5,000,000 18,000,000 SalesWages 750,000 3,000,000 Long-term Bank Loans Salaries 1,250,000 5,000,000 Unsecured DebenturesSales Returns 250,000 200,000 Dividends Outstanding Dividends 750,000 250,000 Wages Out… Show more… Show moreNotes: 1) The raw materials, work in process, and finished goods figures in the trial balance represent the opening stocks. Also, the Reserves & Surplus figure in the Trial Balance is the value at the beginning of the financial year.2) The cost of materials is 40% of the sales figure.3) The closing stock consists of 1,000,000 of raw materials, 1,000,000 of WIP, and 1,550,000 of finished goods.Draw up the income statement for the year and the balance sheet as of the end of the year. Accounting Business Financial Accounting Share QuestionEmailCopy link Comments (0)