ace
ral Balance of Mamaji Trader's for the year
ounts from the following Trial Balance of Mamaji Trader
ended 31.12.2018.
Trial Balance as on 31.03.2018
Debit balance
Amount
Credit Balance
Amount
(Rs.)
(Rs.)
12000
Capital
40000
Returns
800
Sales
18000
2000
1000
3000
500
700
Divident
500
800
Discount
1200
Outstanding Rent
Creditors
500
5250
3500
Purchases
Cash at Bank
Cash in hand
Wages
Retums
Carriage Inwards
Legal expenses
Opening stock (1.1.18)
Investments
Trademarks
Bad Debts
Salaries
Carriage Outwards
Printing & Stationery
Drawings
Debtors
7500
7000
1000
2300
700
800
2000
12500
Discount
750
Insurance
1400
Buildings
6000
65,850
65,850
Adjustments
1) Closing Stock (31-12-2018): 2500, (2) Outstanding Stationary: 600,(3) Depreciation on Build-
ings: 10%, (4) Bad Debts: 500 and Provision for Bad and Doubtful Debts: 5%(5) Prepaid Wages:
500, (6) Interest on Drawings: 6%.
[Answer : Gross Profit: Rs. 2,100; Net Profit: Rs. 6,930; Balance Sheet: Rs. 37,3001
193
(JCOSM) SRIGAYATRE
R COMMERCE STUDY MATERIAL
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