Question

8 Unsolved Paper BCA - 109 (KV)
5. From the following Trial Balance of Mr. Ved Vyas, Prepare Trading and
Profit & Loss Account for the year ended 31March, 2017 and Balance
sheet as on that date:
Particulars
Dr. (Rs.)
Cr. (Rs.)
Purchases and sales
2,75,000
5,20,000
Returns inwards
15,000
Return Outwards
9,000
Carriage
12,400
Wages and salaries
58,600
Trade expenses
2,200
Rent
13,000
Insurance
2,000
Audit Fees
1,200
Debtors and Creditors
1,10,000
62,100
B/R and B/P
3,300
2,200
Printing and Advertising
5,500
Commission
1,000
Opening Stock
36,000
Cash in Hand
12,800
Cash at Bank
26,800
Bank Loan
20,000
Interest on Loan
1,500
Capital
2,50,000
Drawings
15,000
Fixed Assets
3,00,000
Total
8,77,300
8,77,300
Adjustments:
1. Stock at the end Rs. 60,000.
2. Depreciate Fixed Assets by 10%
3. Commission earned but not received amounts to Rs. 400.
4. Rent received in advance Rs. 1,000.
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Answer 1

Answer:

Profit & Loss Account for the year ended 31March, 2017 and Balance sheet as on that date: Particulars Dr. (Rs.) Cr. (Rs.) Purchases ...