Question

Suntancy
het
Accounts
38.000
ed Machinery
500
April 2017
255833
8,800
and Creditors
pobtors and
5
Factory
Office
as and Salas
ad Bills Payable
olvabla
nash us on 31st March 2018 :
Dr. Amt.
Cr. Amt.
41,000
51.000
2,600
48,000
12,000
45,000
52,000
6.900
150.000
14,000
2,13,500 4,80,000
7200
5,600
9,300
5,500
2,500
6,000
-6,000
800
1,350
300
6,350
1,000
2,500
6,500
3,700
5,90,300 5,90,300
o adjustments are to be made :
31st March 2018 was valued at 52,000
for Bad Debts
3 baland
Dal.
sement
25,000
al Expenses
unts
ASO
21,00
y me following
Stock on 31st
Soon ) Rent due but n
due but not paid 2,000
ighting qutstanding * 300
ance was paid in advance
100
1) Insurance was
ciate-Plant and Machiner
e) Depreciate
Gresh
niture @ 10% and Motor Vans @ 334%
3
aush
ion for Bad debts has to be increased to
3,000.
Provision for
be provided.
iscount on debtors and creditors a
AN
g) Discount on de
Trading and Profit and Loss account for the year ending 31st March, 2018 and
Prepare Trading
nce Sheet as on that date.
Ins. Gross Profit 1,16,700
22
Ans. Gross P
Net Profits 57,890
B/Sheet total * 1,51,490​

Answer 1

Answer:

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