Dhiraj and suraj sharing profit and loss in the ratio 2:1 fom the following trial balance prepare trading a/c profit and loss a/c for the year ended 31 st march 2019 and balance sheet as on same as on 31.3.20
adjustment
1 closing stock: cost price rupees 25000,market price rupees 30000
2 an amt spent 3500 for repairs to building in debited to building a/c
3 depreciation plant and machinery and building
at 5 percent p. a
4 include in wages of rupees 3000 paid to worker in Adance
5 provide rupees 1500 for bad and doutfull debt on Sunday debtors
6 provide 5 percent interest on capital
7 dividend of rupees 1000 is still receivable
dr trial balance as on 31.3.19 cr
particular rupees Dr side
opening stock 32000
purchases 64000
pland and machinery 30000
furniture 18500
carriage 1500
wages 30000
bills receivable 5000
sundry debtor 32000
conveyance 4000
salaries 10500
cash in hand 14750
land and building 83500
bad debts 1750
parents 25000
investment 5000
total amount is 357500
particular rupees cr side
sales 193500
sundry creditor 16500
return outwards 2500
capital account
dhiraj 90000
suraj 50000
current account
dhiraj 3000
suraj 2000
total amount is 357500
this amount sum is partner final account 12 hsc commerce of accounts
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