Question

30$
Following
1500.00
15009
6150)
30,000
15,600
84,000
Particulars
most fump
Debit (5)
Credit ()
Purchase
240,000
270.000
6,00,000
3.45,000
90.000
95.000
ASA
87.500
10 % Debenture
24,000
4,26,000
Sales
Software likes
Wages
1,20,000
9,60,000
1,20,000
24,000
12,000
3,00,000
30.000
14,400
Debenture interest
Salary
Bank overdraft
Land-buildings
Opening stock -
Discount received
Debtors
42 ovo
2,28,000
36,000
15,600
1,80,000
13,50,000
13,50,000
Other information :
(1) Closing stock 42,000
(2) Make provision for tax at 50 % of net profit.
15 the balance sheet of Keyur Ltd. as on 31-3-2017
Equity share capital
Office and sales expenses​

Answer 1

Answer:

S. No. ParticularsAssets

Cash+Bank+Stock+Furn.+Veh.+Dbt.

+Adv Rent

(i)Commenced business with cash Rs 50,000, cheque Rs 1,00,000, goods Rs 30,000 and Furniture Rs 20,000+50000+100000+30000+20000     50000+100000+30000+20000   (ii)Car, a personal asset of the proprietor, was sold for Rs 1,00,000 against cheque which he deposited in his saving account.         50000+100000+30000+20000