Question

93, Given below are some of the information taken from the account books
of Bimal as on 31-12-92. From these, prepare Trading Account, Profit and
Loss Account for the year ending 31-12-1992 and a Balance Sheet as on
that date..
Rs.
Rs.
Plant and Machinery 80,000 Sundry Creditors
40,000
Purchases 1,25,000 Opening Stock
35,000
Sales
2,30,000 Salary
16,000
Sundry Debtors 50,000 Capital
50,000
Bills Receivable 20,000 Furniture
2,500
Rent
5,500 Bank Overdraft
20,000
Bills Payable
9,250
Interest paid
600
Wages
14,850 Commission received 1,300
Cash in hand
1,100
Note : Stock-in-trade on 31-12-1992 Rs. 45,000 and outstanding wages on
that date was Rs. 150.
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Answer 1

Answer:

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Page No 22.100:

Question 23:

The following balances were extracted from the books of Modern Traders as at 31st March, 2017:-

Particulars

(₹)

Particulars

(₹)

Capital Account 85,000 Printing and Stationery 800

Drawings Account 5,000 Sundry Creditors 23,000

Plant and Machinery 40,000 Sales 1,20,000

Stock on 1-4-2016 15,000 Postage 800

Purchases 82,000 Bad-Debts 400

Sundry Debtors 20,600 Provision for Doubtful Debts 800

Furniture