Question

Cr. 5
Dr.
50,000
1,77,000
750
800
25,000
525
ing
Plant & Machinery
Furniture
Parchases
Return Inwards
Opening Stock
Discount
Sundry Debtors
Salaries
Manufacturing Wages
Carriage Outward
Rent & Taxes
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Cash & Bank
78,000 Capital
2,000 1 Sales
60,000 Return Outwards
1,000 Discount
30,000 Sundry Creditors
425 Provision for Bad debts
45,000
7,550
10,000
1,200
10,000
2,000
6,900
2,54,075
87824
01
930
00
85
dra
2,54,075
15
Prepare Trading and Profit & Loss Account for the year ended and a balance sheet as on
September 30, 2014 after taking into consideration the following:
1) Closing stock was valued at * 34,220. fuit Provision for bad debts is to be kept at 500.
Kri) Allow interest on capital @ 5% per annum. (iv) Furniture was sold for 60 in exchange
of new furniture costing 1,680. The net invoice of 920 was passed through purchases
book. Depreciate plant and machinery @ 10% p.a. (w Proprietor used goods worth
5,000 for personal use and distributed goods worth * 2,000 as samples.
si
(BCom Paniab 2013 Modified)​

Answer 1

Explanation:

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