Question

4. Shri Munni Lal's Tri
JUDUL Rs. 240 returned by a customer have been included in
n the books, Commission Rs. 300 was received in advance for next year.
Depreciate buildings at 10%. Mal
G.P. Rs. 8,350; N.P. Rs. 3,279.70; BIS Rs. 19,594.70.
0%. Make a provision for Bad Debts at 3% on Debtors.
Munni Lal's Trial Balance as on 31st March, 2004, contained the
ecounts after making adjustments viz., (i) Depreciate Plant and Machinery
St March, 2004, contained the following information. Prepare his final
by 10%. (1) Rs. 150 were outstanding on account of Rent for the month of March,
7 (1) Depreciate Plant and Machinery by 5% and Fixtures and Fittings
Debts at 2%2% on Sundry Debtors. (iv) Insurance Rs. 70 was prepaid on 31st March
Son account of Rent for the month of March, (iii) Make a provision for Bad
Wages and Salaries amount to Rs. 800 and Rs. 350 respectively. (vi) Stock on 318
» Insurance Rs. 70 was prepaid on 31st March, 2004. (v) Outstanding
Rs. 16,580. (vii) Creditors include a claim for compensation amounting to
Rs. 350 respectively. (vi) Stock on 31st March, 2004 was valued at
compounded for Rs. 10 only.
lor compensation amounting to Rs. 60, which has now been
Rs.
Stock at 1st April, 2003
Rs.
Purchases
21,725 Sales
1,26,177
Factory Fuel and Power
83,290 Purchases Returns
3,172
Factory Lighting
542 Munnilal's Capital
93,230
Manufacturing Wages
392 Sundry Creditors
22,680
Freight on Purchases
9,915 Bills Payable
6,422
Manufacturing Expenses
897
Sales Returns
2,680
7,422
Office Salaries
3,745
Travelling Exp.
925
Freight on Sales
960
Rent & Taxes
1,765
Office Exp.
2,778
Discount
422
Insurance
570
Plant and Machinery
55,000
Fixtures and Fittings
1,720
Cash at Bank
2,245
Cash in hand
68
Sundry Debtors
47,800
Drawings
6,820
Rs. 2,51,681
Rs. 2,51,681
Ans. G.P. Rs. 18,266; N.P. Rs. 2,604; B/S Rs. 1,19,356.
1. From the following Trial Balance of Ramesh Brothers as on 31st March, 2004, prepare Trading and P. & L. AJC​

Answer 1

Explanation:

I only know half of it and I don't know about the adjustment of compensation but I hope this will help you