Question

II. Incorporating adjustment from Serial No. 4 to 6
2. Rajesh Mehrotra gives you the following trial balance as at 31st March, 2020
Account Title
Amount
Account Title
Amount
Purchases
Salaries
Carriage
General Expenses
Building
Furniture
Bills Receivable
Sundry Debtors
Repairs
Cash
7 A7 450 Capital
11,900 Sales
900 Rent
900 Bills Payable
30,000 Sundry Creditors
6,000 Interest
200 Loan
8,000
1,200
1,750
43,500
740,000
900
700
21,000
200
2,000
8,08,300
8,08,300
Adjustments- (i) Closing Stock on 31-03-2020 is 50,000; (ii) Rent due but not received
200; (iii) Unearned Interest 100;
and (iv) Charge Depreciation on Furniture @5% pa. Prepare
an 11 (0.779 550.Total of BIS 958501
​

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

Sales

1,45,000

Purchases

95,000

Wages

50,000

Bank

15,000

Stock

20,000

Rent

4,500

Sundry expenses

2,000bnnjuiiinnh

carriage

1,500

Closing Stock was Rs 600