Question

Question 10
Prepare the final accounts of Mr. David for the year ended 31-03-08 from the
following trial balance:
Debit (Rs.) Credit (Rs.)
Stock as on 1-04-07
15.200
Capital & Drawings
5.000
70,000
Machinery
40.000
Purchases & Sales
80,000 1.50.000
Debtors and Creditors
30,000
25.000
Wages
20.000
Salaries
15,000
Furniture
30.000
Rent
5.000
Carriage on purchases
10.000
Discounts
2.000
1.200
Carriage on sales
Commission received
5.000
Returns
5.000
7.000
Bills receivable and bills payable
10.000
10,000
Cash in hand
3.000
Bank overdraft
7.000
2,75 200 2,75 200
5,000
Closing stock was valued at Rs.25.000.​

Answer 1

Answer:

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