=+Dr. Cr. Capital Accounts: Peele (as on 1st April, 1959) 1,000 Mellis (as on 1st
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=+Dr. Cr.
£ £
Capital Accounts: Peele (as on 1st April, 1959) 1,000 Mellis (as on 1st April, 1959) 2,000 Current Accounts: Peele 220 Mellis 100 Drawings Accounts: Peele 890 MeUis 500 Profit & Loss Account—Net Profit for Year 4,500 Stock—31st March, 1960 1,400 Goodwill Account 1,000 Plant and Machinery, at cost 3,000 „ „ „ Depreciation 600 Fixtures and Fittings, at cost 1,800 „ „ „ Depreciation 950 Trade Debtors and Creditors 3,500 850 Loan from H. Oldcastle, and accrued interest 2,120 Rent accrued due at 31st March, 1960 150 Insurance unexpired at 31st March, 1960 95 Cash at Bank: Current Account 305 £12,490 £12,490
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