add 818

and xxx is 818

Expert Q&A Done 1. Ridhwan and Kareem-Trial Balance appeared as follows. Prepare Trading, profit & Loss, Capital accounts and Balance sheet for the year ended 31.12.2018. balances Amount(OMR) Credit balances Amount (OMR) sh at Bank 7,600 Sundry Creditors 15,000 awings a/c : Sales 61.XXX hwan 7,000 Capital: Ridhwan 70,000 areem 1,000 8,000 Kareem 77,000 chinery 70,000 Reserve for bad & doubtful 1,500 debts ening stock 50,XXX Return Outward 6,100 urchases 40,000 Rent received 7,000 les return 400 Fundry Debtors 14,000 rniture 20,000 600 arriage outward 3,000 Rent 4,000 rinting & Stationery 1000 Trade expenses 2,000 "ostage & Telegram 3,000 scount 1,000 nsurance Premium 1,000 Salary & Wages 12,000 axes 237,600 237,600 Adjustments: 1. They shared their Profits & Losses in equal sharing ratio 2. Rent received for 9 months up to 30-9-2018 3. The closing stock is valued at OMR 44.000 4. Salary was outstanding for November and December months at OMR 120 & 170 5. Kareem is to be allowed at 6% commission 6. Prepare a) Trading and Profit and Loss Account or Income Statement b) Profit and loss Appropriation Account c) Capital Account of partners d) Balance Sheet add 818 xxx is 818 Expert Q&A Done 1. Ridhwan and Kareem-Trial Balance appeared as follows. Prepare Trading, profit & Loss, Capital accounts and Balance sheet for the year ended 31.12.2018. balances Amount(OMR) Credit balances Amount (OMR) sh at Bank 7,600 Sundry Creditors 15,000 awings a/c : Sales 61.XXX hwan 7,000 Capital: Ridhwan 70,000 areem 1,000 8,000 Kareem 77,000 chinery 70,000 Reserve for bad & doubtful 1,500 debts ening stock 50,XXX Return Outward 6,100 urchases 40,000 Rent received 7,000 les return 400 Fundry Debtors 14,000 rniture 20,000 600 arriage outward 3,000 Rent 4,000 rinting & Stationery 1000 Trade expenses 2,000 "ostage & Telegram 3,000 scount 1,000 nsurance Premium 1,000 Salary & Wages 12,000 axes 237,600 237,600 Adjustments: 1. They shared their Profits & Losses in equal sharing ratio 2. Rent received for 9 months up to 30-9-2018 3. The closing stock is valued at OMR 44.000 4. Salary was outstanding for November and December months at OMR 120 & 170 5. Kareem is to be allowed at 6% commission 6. Prepare a) Trading and Profit and Loss Account or Income Statement b) Profit and loss Appropriation Account c) Capital Account of partners d) Balance Sheet add 818 xxx is 818