Question

illustration 13 (Notional Rent of the Building)
from the following trial balance of Celina prepare Trading and Profit and Loss Account for the year ending
March, 2020 and a Balance Sheet as on that date after taking into consideration the adjustments given at the
end
Trial Balance As On 31 March 2020
Debo
Purchases and Sales
900
Namenal Insurance
Carriage lowards
Carrage Outwards
Bares and Insurance
Shock on 31-3.2020
Cabin
hand
Discounts
61.150
1.750
TOO
30.000
6.000
3.000
and Creditors
8.09.400
Adjustments
Rates and insurance include a premium of 300 per annum paid upto 30 September 2020
on National Insurance balance includes employees contribution of 150 also. Wages are shown metal
deducting the above employees contribution.
( Owing to the nature of employment some employees are housed in the building of the business, there
value of which is 500 p.a.
Sales as shown in the Trial Balance include the sale of old furniture (om 30 September, 2019) ralls
200. The book value of this furniture was 7300 at the commencement and the rate of deprecia
on this asset has all along been 20% pa.
The manager is to get a commission of 1/10 of net profits after charging his commission
Depreciate Building by 5%
​

Answer 1

Answer:

Balance Sheet as on that date after taking into consideration the adjustments given at the

end

Trial Balance As On 31 March 2020

Debo

Purchases and Sales

900

Namenal Insurance

Carriage lowards

Carrage Outwards

Bares and Insurance

Shock on 31-3.2020

Cabin

hand

Discounts

61.150