Question

A From the following particulars, draw up

the capital account and general balance

sheet under double account system.

Authorised capital 3,000 shares of Rs. 10

each of which issued and paid up capital is

Rs. 27,000, 6% debentures Rs. 3,000; Trade

creditors Rs. 1,600; Trade debtors Rs. 3,800;

Cash at bank Rs, 3,500; Stock-in-Trade

Rs. 2,400; Profit and loss account Rs. 16,000;

Land Rs. 3,700; Machineries Rs. 1,600.

Shafting Rs. 5,000; Buildings Rs. 1,300;

Depreciation fund (machinery) Rs. 2,500.​

Answer 1

Answer:

3700 machineries rs 1600