Question

ThefollowingistheTrialBalanceofPappyLtd.ason31.3.21compileherTrading, ProfitandLossAccountfortheyearending31.3.21andBalanceSheetasonthatdate, bearinginmindadjustmentsgiven,whichmustbeincorporated. DebitBalances Amt.Rs. CreditBalances Amt.Rs. Drawings Purchase CashandBank Wages PrintingandStationery AuditFees Commission Returnincurred Legalcharges(tobeadjusted over2years) Debtors FreightandOctroi BankInterest CarriageOutward FixedAssets FuelandPower Expensesforcurrentyear AdvertisementExpenses 34,450 2,75,000 19,000 19,000 2,700 1,500 6,000 5,000 10,600 85,000 8,400 7,200 6,500 4,50,000 13,800 48,500 15,000 Capital Creditors Bankoverdraft Sales BankLoans GeneralReserve OutstandingExpenses Returnoutward Commissionand discounts 3,40,000 42,000 7,500 4,00,000 1,50,000 58,000 3,000 4,400 2,750 10,07,650 10,07,650 Adjustments:- a)ClosingstockcostisRs.60,000. b)Provideinterestoncapital@5%p.a. c)GoodsworthRs.4000weretakenhome. d)Depreciationrateforassets@10%p.a. e)GoodsofthevalueofRs.5000wereburntandtheinsurancecompanyadmittedthe claimforRs.3000only.​

Answer 1

Answer:

this is your answers123,000