1)4 चा घन (4
43)
येईल
Answers
Answer:
Ans. Gross Profit Rs. 67,000, Net Profit Rs. 27,540, Balance Sheet Total Rs. 1,58,890.
130. Following the Trail Balance of M. H. Basak as on 31.3.2015. You are required to prepare
Trading and Profit & Loss Account for the year ended 31.3.2015 and Balance Sheet as on the same
date :
Rs.
1,60,000
20,000
30
Debit Balance
Rs. Credit Balance
Opening Stock
10,000 Capital
Plant & Machinery
80,000 Sundry Creditor
Furniture
50,000 Sales
70,000
Drawing
10,000 Commission Received
1,600
Sundry Debtors
30,000
Wages
4,000
domn0020
Salaries
5 °C) 6,000
Commission Paid
70
nodi 1,600
Purchases
buto 40,000
40,000 to Rivo
Bad Debts
7,000
Insurance
2,000
Cash in hand
11,000
SO
ons neta litt triwokot ar moi
bos
2,51,600
2,51,600
Additional Information :
(i) Stock as on 31.3.2015 Rs. 16,000.
(ii) Create a provision for doubtful debts @ 6% on Sundry Debtors and write off Rs. 3,000
as further bad debts.
(iii) Goods worth Rs. 12,000 were lost by fire and insurance claim of Rs. 8,000 was received.
(iv) Wages include Rs. 400 for installation of plant.
(v) Provide depreciation @ 15% on Machinery and 10% on Furniture.bliul on bus
[C.U.B.Com.(Gen.) 2016]
Ans. Gross Profit Rs. 44,400; Net Profit Rs. 3,720; Balance Sheet Total Rs. 1,73,720.
(can you please say what should the do with wages and wages installation it's urgent)