Question

Guys plzz give the me solution of this queation.... With adjustments...

Answer 1

1 adj= 1st effect less from general expenses in p&l account
2nd effect add in furniture in balance sheet

2 adj=1st effect in balance sheet
Debtors 230000-30000 (bad debts)
200000 (200000×5%)-10000=190000
2nd effect in p&l account
bad debts 30000
add doubt full debts 5% 10000
=40000

3 adj= 1st effect in p&l account dr side add in rent 2000
2nd effect in balance sheet liability side o/s rent.

4 adj=1st effect in p&l account dr side
2nd effect less from furniture in balance sheet

5 adj=1st effect trading account cr side 40000
2nd effect p&l account dr side 8000
3rd effect balance sheet assets side 40000
plus o/s claim receivable 8000 = 48000

6 adj=1st effect less from capital in balance sheet
2nd effect trading account cr side taken by partners 2500

7 adj=1st effect trading account cr side 1500
2nd effect p&l account dr side distributed as free sample 1500


I HOPE IT WILL HELP YOU...


PLZ MARK AS BRAINLIEST....