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Accounts from Incomplete Records — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounts from Incomplete Records6 Marks
Question
Lalit Mohan keeps incomplete records. From the following information provided by him, prepare a Trading and Profit & Loss Account for the year ended $31^{st}$ March, $2015$ and a Balance Sheet as at that date:
Summary of cash transactions during the year:
You are informed that there were considerable amount of cash sales during the year. Credit purchases during the year amounted to ₹ $1,80,000$. Provide $5\%$ for doubtful debts on debtors.
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