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Ans: GP Rs. 9. Debit Rs. Credit Rs. 100.000 The following is the Trial Balance for the year ending 31st Chaitra 2075. Particulars Capital Land
Ans: GP Rs. 9. Debit Rs. Credit Rs. 100.000 The following is the Trial Balance for the year ending 31st Chaitra 2075. Particulars Capital Land and building 15,000 Ress Drawing CA Loose tools 7,500 FA Equipments FA 18,000 25,000 LTD. Loan 15,000 100.000 Sales... Purchase 75,000 Retum inward 2,000 Return outward. 1,500 Sundry income 500 Opening stock 25,000 Rent 15,000 Carriage.. 2,000 CA Prepaid insurance 1,000 CL. Uneamed commission.C.COMNission received in advance) 6,500 Accounts receivable. 28,000 Bank balance..... 18,000 Accounts payable 9,000 Bad debt. 2,000 Provision for bad debt. 1.000 Total 233,500 233,500 Addition information: i. Closing stock was valued at cost Rs. 35,000 and market value of Rs. 25,000 ii. Prepaid rent Rs. 5,000 and outstanding carriage Rs. 500 Less: 4000 iii. Unexpired insurance Rs. 800 and unearned commission Rs. 2,500 was there on 31st Chaitra iv. Provision for bad debt @ 10% of debtors 4000 earned - Less Ploed V. Outstanding interest on loan Rs. 1,000 Required: a. Trading account b. Profit and Loss account c. Balance Sheet Ans: (a) GP Rs. 22,000 (b) NP Rs. 11,500 (c) B/S total Rs. 121,500
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