Question

19. The IUNI
RS
1,00,000
750
m
u llacled from the books of Mr. A as on 30th September, 2007:
Particulars
Dr Annount. Cr. Amount
R
Capital Account
Plant & Machinery
Furniture
78,000
Sales
2.000
Purchases
1,27,000
Returns
60,000
Opening Stock
1,000 S
Discount
30,000
Sundry Debtors
425
800
Sundry Creditors
45,000
25,000
Salaries
7,550
Manufacturing Wages
10,000
Carriage Outward
1,200
Provision for Bad Debts
525
Rent, Rates and Taxes
10,000
Advertisement
2,000
Cash
6,900
2.54.075
2,54,075
Iotor Vehicles @ 200
- уеаr.
be made equal to 10
0; Net Profit Rs 15
Sheet Total Rs 2010
arch 2007, prepares
Balance Sheet as a
100
Doapare Trading and Profit & Loss Account for the year ended 30th September, 2007 and a Balance Sheet
ne on that date after taking into account the following adjustments:
1. Closing Stock was valued at Rs 34,220.
2. Provision for Bad Debts is to be kept at Rs 500.
3. Allow Interest on Capital at 10% per annum.
4 Furniture was sold and the same was disposed off for Rs 760 in exchange of new furniture costing
Rs 1,680. The net invoice of Rs 920 was passed through Purchase Register. (No depreciation need by
charged on old and new furniture).
5. Depreciate Plant and Machinery by 10% per annum.
6. The proprietor Mr. A has taken goods worth Rs 5,000 for personal use, and distributed goods worth
Rs 1,000 as samples.
[Ans. Gross Profit Rs 67,890; Net Profit Rs 27,500;
Balance Sheet total Rs 1,57,500]
9,50​

Answer 1

O my god sorry that’s out of my range