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:

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