From the following Trial Balance of Mrs. Saadiya for the year ended 31st March 2018. Prepare Final
Accounts.
Dr. 3
Cr.3
2,73,000
Particulars
Capital
Furniture and fittings
Cash at Bank
Land and Building
Stock (Opening)
Debtors and Creditors
Purchase and Sales
Carriage outwards
Salaries
General expenses
10% Loan (1-4-2017)
Returns
Rent
Wages
Interest
Bills Payable
Electricity Charges (Factory)
48,100
73,230
4,94,000
10,530
84,890
3,55,790
4,030
54,210
31,200
26,780
6,77,120
2,60,000
1,430
1,690
1,820
71,170
13,000
8,970
3,640
12,47,300
12,47,300
Additional Information:
1. Goods costing 5,200 were taken by Mrs. Saadiya for the personal use.
2. Salaries prepaid 2,210.
3. The debtors include Rohan who owned us 1,690 and has become insolvent and nothing is
recoverable from his estate.
4. Create a provision for doubtful debts @ 5% p.a.
5. Depreciate land and building @ 10% p.a.
6. Closing stock was valued at $20,280.
Answers
Answer:
32. From the following Trial Balance of Ram Kumar , you are required to prepare Trading and Profit and Loss
for the year ended on 31" December, 2019 and a Balance Sheet as at that date : (8)
Name of Accounts
Dr. (Rs.)
Cr.(Rs.)
Drawings and Capital
18,000
80,000
Purchases and Sales
82,600
1,55,000
Stock (01.01.2019)
42,000
Return Outward
1,600
Carriage Inward
1,200
Wages
4,000
Power
6,000
Machinery
50,000
Furniture
14,000
Rent
22,000
Salary
15,000
Insurance
3,600
8% Bank Loan
25,000
Debtors
20,600
Creditors
18,900
Cash in Hand
1,500
32. From the following Trial Balance of Ram Kumar , you are required to prepare Trading and Profit and Loss
for the year ended on 31" December, 2019 and a Balance Sheet as at that date : (8)
Name of Accounts
Dr. (Rs.)
Cr.(Rs.)
Drawings and Capital
18,000
80,000
Purchases and Sales
82,600
1,55,000
Stock (01.01.2019)
42,000
Return Outward
1,600
Carriage Inward
1,200
Wages
4,000
Power
6,000
Machinery
50,000
Furniture
14,000
Rent
22,000
Salary
15,000
Insurance
3,600
8% Bank Loan
25,000
Debtors
20,600
Creditors
18,900
Cash in Hand
1,500