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please solve complete 6 requirements Rs. Particulars Opening stock of material 13,000 Plant and Machinery 100,000 Cash in hand 12,800 Financial expenses 8,000 Creditors 54,000
please solve complete 6 requirements
Rs. Particulars Opening stock of material 13,000 Plant and Machinery 100,000 Cash in hand 12,800 Financial expenses 8,000 Creditors 54,000 Debtors 20,000 Cost of goods sold 35,000 Rs. Particulars Closing stock of material 12,000 Bank charges 5,453 Capital 300,000 Gross purchases 50,000 Return outwards 10,000 Return inwards 5,000 Net sales 85,000 ADDITIONAL INFORMATION: Plant & Machinery is depreciated @15% per annum. Provision for doubtful debts is to be maintained for Rs. 5,000. Net loss for the period is Rs. 80,000. 1. Net purchases to be presented in Income Statement. 2. Gross profit to be presented in Income Statement. 3. Net Book Value of machinery to be presented in Balance Shee 4. Value of debtors to be presented in Balance Sheet. 5. Owner's equity to be presented in Balance SheetStep by Step Solution
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