Question

PRACTICAL QUESTIONS
(Question Nos. 1 to 57 are strictly in the serial order of Illustrations)
Q. 1. X and Y are partners sharing profits in the ratio of 5: 3. The undermentioned
trial balance was extracted from their books on 31st March, 2003:
Dr. Balances Cr. Balances
Rs.
Rs
4,60,000
3,40,000
X's Capital
Y's Capital
X's Drawings
Y's Drawings
Stock (Ist April, 2002)
Purchases and Sales
Returns
Debtors and Creditors
Furniture
Buildings
Cash in hand
Bank Overdraft
Salaries to Staff
Rent
Advertisement expenditure
traveling expenses
telephone charges
carriage outward
commission
bills receivable
motor van
40,000
32,000
42,000
8,75,000
5.000
1,60,000
40,000
6.00.000
5.900
12,50.000
7.000
48.000
17,500
74,700
26,400
5,000
22,000
18,000
3,200
800
1,500
24,000
1,50,000

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Answer 1

Answer:

okkk its very long so can't answer