Mgt101 assignment solution

VU ID:      BC974917634563

1: Prepare the trail balance as on 31^st january 2018 for the books of prince brothers by following the format given below

                                         Prince Brothers

                                           Trail Balance

                                    As on january 31, 2018

S.NO	Account Names	Account Code No.	Debit rs	Cridit RS
1 2 3 4 5 6 7 8	Cash Capital Furniture Purchases sales Selling expense Admin expense Drawing Total Amount		87,8000 90,000 30,000 10,000 17,000 15,000	1,00,0000 40,000
			1,040,000	1,40,000

2: Calculate the gross profit

Sales	40,000
Cost of goods sold/purchases	Less: 30,000
GROSS PROFIT	10,000

3:Calcuate total asset as on 31^st january 2018

Cash	87,8,000
Furniture	Add:  9,000
Total Assets	96,8000