Question

Ans :- Gro
(5)
t-58,800, Net Profit-38, 800, BIS Total - 1,40.400.
Shri Devchand and Shri Premchand were partners sharing profits and losses in the
proportion Devchand 3/5 and premchand 275. Interest on capital was allowed @ 5% per
annum but interest on drawings was ignored. The following balance of accounts were given
on 31st March, 1982
Trial Balance 31-03-1982
Particulars
Dr. Rs. Particulars
Cr. Rs.
Opening Stock
10,000 Return Outwards
1,250
Sundry Debtors
14,100 Sundry Creditors
15,800
Purchases
20,000 Sales
35,000
Wages
4,250 Reserve for Bad Debts
200
Salaries
1,350
Capital Alc: Devchand
35,000
Office Expenses
1,223
Premchand
10,000
Discount Allowed
650 Loan @9% (taken on 1-10-81) 2,000
Rent, Rates and Taxes
900
Plant and Machinery
15,000
Return Inwards
1,750
Land and Building
20,000
Cash at Bank
7,327
Current Account : Devchand 2,100
Premchand
600
99,250
99,250
You are given the following additional information :-
Closing stock was valued at Rs. 20,500.29
(2) Wage unpaid Rs. 750 and outstanding salaries Rs. 657.
(3) Write off Rs. 100 as bad debts and provide 5% reserve for doubtful debts on sundry debtors.
(4) Provide Depreciation at 10% on plant and machinery and 5% on Land and Building.
(5) Rent. Rates and Taxes were prepaid Rs. 100.
You are required to prepare Trading and Profit and Loss Alc. for the year ended 31st March,
1982 and a Balance Sheet as on that date (Oct. 84, 06)
Charge interest on partners capital 5% p.a. but no interest charged on Drawing.
Ans :- Gross Profit - 20,000, Net Profit - 9,880; B/S Total - 73,727.
(6)​

Answer 1

Answer:

I want to have trial balance

Answer 2

Explanation:

......... I need a current account calculation