Question

4. Final Account: [B.com 2007 Type,2011
ES N Roy started a business on 01.04.2018 with Rs, 10,000 cash. 5,000 in goods and 15,000
furniture His Trial Balance as on 31.03.2019 was as follows:
Debit Balances:
Bad Debt * 3,500: Stock-in-Trade * 5,000 ; Furniture 15,000; Drawings 3,500; Wages * 1,800
Purchases 18,000; Advertisement 1,600; Debtors 9,000; Cash 4,700; Salaries 2,400; Interest on
Loan Rs, 200, Commission paid 800: Insurance Premium 800; Machinery 30,000.
Credit Balances:
Capital 30,000; Creditors 5,000; Bank Loan 32,400; Commission Received 200; Sales 28,700,
Additional Information:
(a) Mr. Roy used goods of 1,000 for personal consumption. The value of remaining stock 9,000
(b) Goods valued at 5,000 were lost by fire for which insurance claim of 2,000 was to be received.
(c) Depreciate Furniture @5% p.a. and Machinery @ 10% p.a. The Machinery was purchased on
03.10.18
(d) Interest on Bank Loan was payable @10% p.a. The loan was taken at the beginning of the year.
le) A further Bad Debt of 1,000 to be written off and a provision for doubtful debt is to be provided
1/4th of the Advertisement Expenses is to be carried forward.
g) included in Debtors is 3.000 due from Mr. P. included in creditors < 1.000 due to the same person
Prepare Trading Account, Profit and Loss Account for the year ended 31.03.19 and a Balance sheet of Me
S. N. Roy as on that date.
Gross profit 18.900: Net profit 560; Balance Sheet total < 65,5001​

Answer 1

Answer:

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Answer 2

Answer:

please give me the answer