Question

prepare the finial statment for the year ended 31 st December 2012
trail balance as on 41 st Dec 2012
1) drawing and capital 15000 , 50000
2) purchase ans sales. 40000, 70000
3) Returns. 2000, 3000
4) wages. 4000,. -
5) salaries. 8000 ,. -
6) sudry debtors and
sundry creditors 12000 ,10000
7) bills receivable and
bills payable 5000, 4000
8) furniture. 15000 , -
9) opening stock. 13000 , -
10) genral experience. 3000 , -
11). insurance. 1000 , -
12) cash and bank balance. 19000 , -

adjustment
a. closing stock Rs 20000
b. insurance prepaid Rs 200
c. provide for doubtful and bad debtors @5%
d. depreciation furniture by 10% p.a.




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Answer 1

Answer:

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