{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T02:08:50-04:00", "answer_date": "2024-05-26 02:08:50", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1719576", "url": "\/study-help\/questions\/49from-the-following-trial-balance-and-the-adjustments-given-in-1719576", "question_creation_date_js": "2024-05-26T02:08:50-04:00", "question_creation_date": "May 26, 2024 02:08 AM", "meta_title": "[Solved] 49.From the following Trial Balance and t | SolutionInn", "meta_description": "Answer of - 49.From the following Trial Balance and the adjustments given in respect of Laxmi Consumer Co-operative Society Ltd. N | SolutionInn", "meta_keywords": "49,trial,balance,adjustments,respect,laxmi,consumer,-operative,society,ltd,nagpur,prepare", "question_title_h1": " 49.From the following Trial Balance and the adjustments given in respect of Laxmi Consumer Co-operative Society Ltd. Nagpur, Prepare Final Accounts for the year", "question_title": " 49.From the following Trial Balance and the adjustments given in respect", "question_title_for_js_snippet": "49 From the following Trial Balance and the adjustments given in respect of Laxmi Consumer Co operative Society Ltd Nagpur, Prepare Final Accounts for the year ended on 31st March, 2017 Trial Balance As on 31st March, 2017 Debit Balances Dr Cr Opening Stock 1,00,000 Share Capital 7,50,000 Deposit from Members 9,00,000 Printing and stationery 30,000 Investment in Shares of 6,00,000 Cooperative Bank 3,60,000 Investment in Shares of 9,20,000 Cooperatives 13,50,000 Loan from Bank(Unsecured) 4,50,000 Loan to Members 37,00,000 Interest earned on Loan 45,00,000 Purchases 2,50,000 Sales 50,000 Office equipments 2,50,000 Office Rent 50,000 Salaries 35,000 Travelling expenses 15,000 Carriage Inwards 80,000 Freight 18,60,000 Interest paid 5,10,000 Reserve Fund 20,00,000 Cash in hand Cash at Bank 93,80,000 93,80,000 Adjustments 1 Closing Stock 7,00,000 2 Outstanding office rent 10,000 3 Office equipment are to be Depreciated 5 p a 4 Create reserve for Bad and doubtful debts of 5 Audit fees are to be paid of 20,000 45,000 6 Director recommended a dividend to Members 10 p a (GP 13,50,000 NP 12,52,500 BP 8,64,375 BS 57,70,000)", "question_description": "\"image", "transcribed_text": "49.From the following Trial Balance and the adjustments given in respect of Laxmi Consumer Co-operative Society Ltd. Nagpur, Prepare Final Accounts for the year ended on 31st March, 2017: Trial Balance As on 31st March, 2017 Debit Balances Dr Cr Opening Stock 1,00,000 Share Capital 7,50,000 Deposit from Members 9,00,000 Printing and stationery 30,000 Investment in Shares of 6,00,000 Cooperative Bank 3,60,000 Investment in Shares of 9,20,000 Cooperatives 13,50,000 Loan from Bank(Unsecured) 4,50,000 Loan to Members 37,00,000 Interest earned on Loan - 45,00,000 Purchases 2,50,000 Sales 50,000 Office equipments 2,50,000 Office Rent 50,000 Salaries 35,000 Travelling expenses 15,000 Carriage Inwards 80,000 Freight - 18,60,000 Interest paid 5,10,000 - Reserve Fund 20,00,000 Cash in hand Cash at Bank 93,80,000 93,80,000 Adjustments: 1.Closing Stock 7,00,000 2.Outstanding office rent 10,000 3.Office equipment are to be Depreciated @ 5% p.a. 4.Create reserve for Bad and doubtful debts of 5.Audit fees are to be paid of 20,000 45,000. 6.Director recommended a dividend to Members @ 10% p.a. (GP=13,50,000;NP=12,52,500; BP-8,64,375;BS=57,70,000)", "related_book": { "title": "Financial Accounting An Introduction to Concepts, Methods and Uses", "isbn": "978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023", "edition": "14th edition", "authors": "Roman L. Weil, Katherine Schipper, Jennifer Francis", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/282.jpg", "uri": "\/textbooks\/financial-accounting-an-introduction-to-concepts-methods-and-uses-14th-edition-282", "see_more_uri": "" }, "free_related_book": { "isbn": "0735538409", "uri": "\/textbooks\/taxation-of-compensation-and-benefits-2003-1st-edition-9780735538405", "name": "Taxation Of Compensation And Benefits 2003", "edition": "1st Edition" }, "question_posted": "2024-05-26 02:08:50", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/operations-management\/an-autoglass-company-located-in-detroit-produces-mirrors-for-automobiles", "description": "An autoglass company located in Detroit produces mirrors for automobiles. 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