Question

Compute the net monetary of S. Ltd. as on 31-12-2020 from the following

information :


Particulars 01-01-2020 31-12-2020


Cash 40,000 50,000

Debtors 100,000 120,000

Creditors 140,000 160,000

Loans 60,000 60,000

Retail price index numbers :

January 01, 2020 200

Average for the year 210

December 31, 2020 230​

Answer 1

Answer:

om the following balances of Vikas, Prepare trading and profit and loss account for the year

Debit balances

Rs.

Credit balances

Rs.

Machinery

35,000

Capital account

1,00,000

Debtors

27,000

Creditors

14,000

Drawing

9,000

Salesiiù⁷uùìh⁷⁵

1,45,000

Purchases

95,000

Wages

50,000

Bank

15,000

Stock

20,000

Rent

4,500

Sundry expenses

2,000

carriage

1,500

Closing Stock was Rs 600