Question

Complete the following table:

Balance Sheet () Adjustment Trading or Profit and

Loss Account

Asset side Closing stock

(2) Income R) Expenditure R) Surplus/Deficit )

5000 (Deficit) 20,000

N

(3) Normal profit = 100

(4) Creditors Bills Payable Third party liabilities

T 30,000 15,000

(5) MIS Information system​

Answer 1

Explanation:

Closing stock Income Asset side

Income Expenditure Surplus/Deficit

20000 25000 5000Deficit

Normal profit Capital employed ×N R R

_______

100

Creditors Bills payable Third party liabilities

30000 15000 45000

MIS Management Information system

Answer 2

1)income

2)25000

3) capital employed

4)45000

5) management