12500
1. From the following Trial balance extracted from the books of A, prepare Trading and profit & oss meetoets
year ending 31* March, 2018 and a Balance Sheet as at that date.
Particulars
Dr()
Furniture
640
Loose tools
6250
Buildings
7500
Capital Account
Bad debts
125
Provision for Bad debts
Sundry Debtors and Creditors
3800
Stack on 14 April, 2017
3460
Purchases and Sales
5475
Bank overdraft
Returns
200
Stationery
450
Interest account
118
Commission
Cash in hand
650
Taxes and insurance
1250
General expenses
782
Salaries
3300
200
2500
15456
2850
125
&
375
0
34000
34000
The following adjustments are to be made:
Stock in hand on 31st March, 2018 was 3250.
2 Depreciate building @5% and furniture @ 10%. Loose tools are revalued at 35000 at the end of the year.
3. Salaries 300 & taxes *120 are outstanding.
Insurance amounting to 100 is prepaid.
Write off further 100 as Bad Debts and provision for Doubtful Debts is to be made equal to 5% on Sundry
Debtors.
15590
6. Half of he stationery was used by the proprietor for his personal purposes.
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