Question

and a
Particulars
1,000
5,600
1,200
3,000
35,000
105
Reserve Funds
Capital
Creditors
Mortgage Loan
Sales
Rent Outstanding BS
Purchases
Wages
Salaries
Travelling Expenses
Insurance
Rent ?
Provident Fund Contribution
Cash in hand
Establishment Exp. PL
Mortgage Interest
Fixed Assets
Stock (1.4.2017)
Debtors
16,000
6,555
3,000
775
475
600
300
2,750
300
150
6,000
5,750
3,250
45,905
45,905
Stock was valued at 6,075 on 31st March, 2018. Depreciate fixed assets by 5%. Bad debts
amounted to *250. Create a provision for Bad and Doubtful Debts at 5% on Sundry Debtors
and Discount on Debtors and Creditors at 2.5%. Goods-in-transit 1,000.
(Ans. G. P. 12,770, N. P. * 6,428.75, B/S Total 18,303,75)​

Answer 1

Explanation:

Rs. Cash. Assets. 1,000. Bank. Assets. 5,000. Wages. Expense. 8,000. Salaries.