Question

VIU
Interest on Capital is to
Q.2. Shraddha and Radha are partners in the firm M/s. ShriRadhe sharing Profits and Losses in the ratio 1:1.
From the following Trial Balance and Adjustments, prepare Trading and Profit & Loss account for the
year ended 31" March, 2019 and Balance sheet as on that Date
Trial Balance as on 31" March, 2019
Amount
Amount
Particular
Particulars
40,000
2,00,000
2,00,000
12,000
5,04,600
3,500
500
75,000
50,000
400
Stock (01.04.2018)
Salaries and Wages
Carriage
Provident Fund Investment
Warehouse Rent
Purchases
Sales Return
Advertisement (For 8 months)
Machinery
Motor Vehicle
Loose Tools
Import duty
10% Investments (as on 19 Oct, 2018)
Rent, Rates and Taxes
Export Duty
Royalties
Legal Charges
Works Manager's Salary
Solicitor's Charges
Interest
Commission
Travelling Exp. of Salesman
Cash at Bank
Cash in Hand
35,000 Bills Payable
80,000 Capital Alc:
18,000 Shraddha
50,000 Radha
23,000 Outstanding Wages
2,43,500 Sales
4,600 Purchase Return
1,600 Discount
1,00,000 Creditors
44,000 Provident Fund
15,000 Reserve Fund
6,500
40,000
17,200
11,800
7,200
2,800
30,000
9,000
4,000
900
8,000
2,93,900
40,000
10,86,000
10,86,000
Adjustments:
i. Closing Stock is valued at 1,50,000.
il. Machinery was purchased on 16 October, 2019. Depreciation to be charged @10%.
Outstanding Carriage * 2,000.
iv. Warehouse rent is paid for 2 years
Royalties is paid for 18 months.
ví. Goods worth 25,000 were stolen.
V.
50​

Answer 1

Answer:

Bhai kya likha he kuch samaj nahi aaya

Answer 2

Answer:

900 7200 100000 1086000