Question

which of the writers advocates that parents must listen to their school going son' problems attentively
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Answer 1

Answer:

ADTMOTHABHIT Wages

Adjustments in Preparation of Financial Statements

19.65

2. Prepare Trading and Profit and Loss Account and Balance Sheet from the following

balances, relating to the year ended 31st March, 2019:

7

Capital

1,00,000

Creditors

50,000

12,000 Bank

10,000

Returns Outward

5.000

Repairs

500

Sales

1,64,000 Stock on 1st April, 2018

20.000

Bills Payable

5,000

Rent

4,000

Plant and Machinery

40.000 Manufacturing Expenses

8.000

Sundry Debtors

24,000 Trade Expenses

7,000

Drawings

10,000 Bad Debts

2.000

Purchases

1,05,000 Carriage

1,500

Returns Inward

3,000 Fuel and Power

1,000

Additional Information:

(i) Closing Stock was valued at $14,500.

(ii) Depreciate Plant and Machinery by 4,000.

(iii) Write off Bad Debts 5,000.

(iv) * 400 is due for repairs.

[Gross Loss—* 5,000; Net Loss 27,900; Balance Sheet Total- 79,500.1

3. Following Trial Balance has been extracted from the books of Prasad on 31st March, 2019:

Dr. Particulars

Particulars

Cr. R