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Prepare a Trading, Profit & Loss Account and Balance Sheet of M/s Jindal Enterprises for the year ended 31st March, 2011 from the following Trial Balance. The Closing Stock on 31st March was valued at Rs. 26,000.

Trail balance as on 31st March, 2011

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Balance Sheet of M/s Jindal Enterprises

(as on 31st March, 2011)

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