Prepare the Trading Account, Profit & Loss Account, and Balance Sheet.

Here is the preparation of the Trading Account, Profit & Loss Account, and Balance Sheet.

Step 1: Prepare the Trading Account.
The Trading Account calculates the Gross Profit or Loss by matching direct revenues (sales) with direct costs (opening stock, purchases, direct expenses).

$$\textbf{Trading Account for the year ended 31st March, 2019}$$

Particulars	Amount (₹)	Particulars	Amount (₹)
To Opening Stock	18,000	By Sales	85,000
To Purchases	65,000