3. The following figures were taken from the books of Amar on 31st March, 2014.
7000
40
502
500
124
000
2640
3
26,123
2,741
330
638
182
5,272
478
18.403
3,90
1,404
540
Cash at bank
Cash in hand
Sales
Stock (1st April, 2010)
Sales returns
Discount (Dr.)
Bills receivable
Sundry debtors
Depreciation
Purchases
Discount on purchases
Wages
Provision for bad debts
Provision for discounts
on debtors
Royalties received
Trade and general expenses
Reserve on patents
Interest on loan
Repairs
Sundry creditors
Buildings
Patent rights
Loan (raised on
mortgage of buildings)
Agent's commission
Bad debis
Plant and machinery
Capital
2.078
95,82
5,000
4,500
650
190
3,000
20,000
3,000
100
197
Drawings
Advertising
Carriage
In addition, the following information is given:
(a) Stock on 31st March, 2014 was 3225 thousand.
(b) The stock includes materials worth * 225 thousand for which bills had not been received and
therefore, not accounted for yet.
(c) During the year, a sum of 300 thousand was paid as ground rent for 2015-16 and 2015-16. This
sum stands debited to buildings account.
(d) Included in sales is an amount of 2 750 thousand representing goods on sale or retum,
customers still having the right to return the goods. The goods invoiced were showing a profit
20% on sales.
(e) A customer's bill for? 278 thousand had been discounted with bank. The bank has sent intimatio
that the bill has been dishonored. No entry has yet been passed in respect of this.
VISIMU
Attachments:
Answers
Answered by
0
Answer:
5855
Explanation:
278+5856jjhgvoodoo
Similar questions