Question

Particulars Capital Building Machinery Debtors General Expenses Rent Paid Proprietor's Drawings Electricity Charges Carriage Inwards Cash at Bank Returns Outward Salaries Discount Allowed Stock (1st April , 2013) Bills Payable Sales Purchases Wages Cash in Hand Sundry Creditors Returns Inward Closing Stock was Rs.1,82,100. Rs 3,50,000 1,87,500 92,500 70.000 8,000 37,100 6,500 1,900 8,500 30,000 1.100 11,100 2,000 1,65,000 50,000 6,35,000 4,68,500 25,000 18,000 1,00,000 4,500​

Answer 1

Explanation:

1. All Factory expenses will go in Trading A/C.

2. All Office expenses will go in Profit and Loss A/C ( P/L A/C)

3. Assets ( Through which we will gain profit in future) and Liabilities ( through which we will have loss in future) will go in balance sheet.

4. In the end Balance sheet both side amount should match otherwise sum is wrong.

5. Expenses will go in Debit (Dr) side and Income will go in Credit(Cr) side.

Note:

1. I have not written amount as I can't understand it properly please ask accurately next time I am only writting particulars.

2. Things written in bracket are to explain don't write it.

3. If any doubt remains contact back