Question

SHEET OF PROPRIETARY CONCERNS
From a on
117
15,291
55911
han trading and profit and loss account for the year ended on that date and also a balance sheet as on
same date :
Debit balances
Drawings account
Plant and machinery /
Stock (on 1.1.18)
Purchases
Sales return
General expenses
Wages >
Rent and rates
Bad debts
Debtors
Cash in hand
₹
7,100
9,500
Cratet balances
Capital account
Sales /
Purchases retum
Bank overdraft
Creditors
Provision for doubtful debts
78
$2.500
1.19.000
2.910
1.200
10.000
401
1,03,620
2100
2,000
2,400
3,200
1.720
30,000
950
00
1,76720
Additional information:
176.720
(a) Provide 10% depreciation on plant and machinery.
(b) Provision for doubtful debts is to be increased to 5% of debtors
A credit sale of 2,000 has not been recorded in the books.
Plant and machinery worth 1,000 purchased during the year (on 30.9.18) has been included in
purchases.
(e) stock on 31.12.18 has been valued at * 17,300. This does not include the value of the plant and
machinery bought on 30.9.18.
0 Wages includes 200 for installation of plant,
Goods costing 3 500 have been stolen by a dishonest employee -
(h) 3 510 received from a debtor whose balance was written off as bad, has been recorded as cash sale.
( A sales return of 3 500 was not entered in the accounts though it was duly taken in the stock
© Goods (cost price 3720; minimum sale price 900) was consigned to an agent. But those remain still
IC.LL,B.Com. (Hons.)
unsold.
fotod om the hooks of S. Sobal a sole trader, at 31st December,​

Answer 1

Answer:

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Explanation:

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