Question

prepare the trial balance for the following informationon Arun stores as on 31march 2017​

Answer 1

Answer:

Following are the balances extracted from the books of Manish Gupta on 31st March, 2018:

₹

₹

Capital

1,90,000

Cash at Bank

26,000

Drawing

7,000

Salaries

8,000

Plant and Machinery

1,20,000

Repairs

1,900

Delivery Vehicle

26,000

Stock on 1st April, 2017

16,000

Sundry Debtors

36,000

Rent

4,500

Sundry Creditors

26,000

Manufacturing Expenses

1,500

Purchases

20,000

Bills Payable

23,500

Sales

42,000

Bad Debts

5,000

Wages

8,000

Carriage

1,600

Prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2018 after following adjustments are made:

(i) Closing Stock was ₹ 16,000.

(ii) Depreciate Plant and Machinery @ 10% and Delivery Vehicle @ 15%.

(iii) Unpaid Rent amounted to ₹ 500.

Answer 2

Answer:

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