Question

budget
d Machinery
and Water
cy1 Abd
in the won
To Rent, Rates and Insurance
To Office Expenses
Travelling Fapenses
To Gross Profit c/d
Gurukul Solved Papers 1337
armonio
Molle Receable
Sundry Debtor
Orta Bank
6.900
2.310.00
9.520.00
24.000.00
7.950.00
1.240.00
38,970.00
12,400.00
2.210.00
3,500.00
9,870.00
2,61,240.00
2.61.240.00
Trading Alc
for the year ending on 31st December, 2014
Amount
management
combinatie
non, Buden
department
idget allows
ss of control
oyees at all
expressed
geable task
manageable
agation can
as there is
by budget
represents
nagement
nd out of
in order
• budget.
on to the
Particulars
Particulars
Amount
To Opening Stock
To Purchases
82,210
(4.240)
14.920
Less: P/Return
1,49.840
(1820)
To Wages
1.48.020
To Carriage Inward
11,460 By Closing Stock
By Sales
77,970
Less : S/Retum
8,560
2,310
62,640
1,62,940
Profit & Loss Alc
for the year ending on 31st December, 2014
Amount
1,62.940
Particulars
Particulars
Amount
budget
nce of
tments
one by
idgets
esults
To Salaries
62,640
180
To Light and Water
To Travelling Expenses
To Net Profit c/d
6,280 By Gross Profit b/d
6,940 | By Discount
9,520
7,950
9,870
22,260
62,820
Balance Sheet
as on 31st December, 2014
was
1101
62,820
and
per,
the
Liabilities
Amount
Assets
Amount
Capital
90,000
22,260
(2.000)
Add: Net Profit
Less: Drawings
Creditors
Leasehold Premises
Plant and Machinery
1,05,260 Bills Receivable
16,980 Furnitures
Sundry Debtors
Cash at Bank
Cash in Hand
Closing Stock
1,22,240
25,000
24,000
1,240
3,500
38,970
12,400
2,210
14,920
1,22,240​

Answer 1

Answer:

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