Question

VTAL ACCOUNTING
APARTMENTALA
2016, the Trial Balance of X, who runs a departmental store having
431
On 30 June, 2016, th
B and C, stood as follow
ments
Debit
Credit
Sundry Debtors
Opening Stock
32,000
10.000
8.000
4.000
155
1,545
27.500
Cash in hand
Cash at Bank
Plant and Machinery
Sundry Creditors
Trade Expenses
Sales :
10,650
1,075
70,000
50,000
44,500
Carriage Outwards
Salaries
400
2,225
900
7,500
Rent
Bills Payable
Purchases
55,000
35,000
28,750
54,500
1,100
Land and Buildings
Discount
79.500
Capital
2.62.150
2,62.150
and Machinery and at
The stock on 30.6.2016 was: A- 8,000B - 4,000 and C - 2,250. 400 are to be written off
bad and 5% is to be provided for doubtful debits. Depreciation to be charged at 10% on Plant
Machinery and at 70on Land and Building. Allocating all unallocated expenses in the ratio of
2 over three departments, prepare rams
re Trading and Profit and Loss Account for the year ended
le 2016 and a Balance Sheet as on that a
Ans. Net Profit A, 58,392 B, 8,696 C 9,392 Balance Sheet* 1,24,1301
30 June 2016 and​

Answer 1

Answer:

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