Q.6 the pers required to prepare machinery account from 2001 to 2003. Prepare Final accounts of ABC Ltd. for the year ending 31.03.2012 with the given detai horizontal format: (Rs. in Thousands) Particular Stock on 01.04.2011 Purchases and sales Wages Discounts Rent Salaries General expenses including insurance Profit and Loss account on 31.03.2011 Dividend paid Capital -10,00,000 Shares @ Rs.10 each. Debtors and Creditors Plant and machinery. Cash in hand and at bank General Reserve Bad debts Adjustment: i. ii. iii. iv. V. vi. Amount Amount 7500 24500 5000 700 495 750 1705 900 3750 12900 1620 483 60303 Stock on 31.03.2012 Rs. 82,00,000. Depreciation on machinery @10% One month rent @5,40,000 per annum was due on due on 31.03.2012. Six month insurance premium @ Rs.75,000 was prepaid on 31.06.2011. Provision for taxation made during the year Rs.3, 50,000. General reserve to be created Rs. 2,80,000. 35000 500 11503 10,000 1750 1550 60303

the personal use at par. Assuming that accounts are required to prepare machinery account from 2001 to 2003. Q.6 Prepare Final accounts of ABC Ltd. for the year ending 31.03 .2012 with the give (Rs. in Thousands) Adjustment: i. Stock on 31.03.2012 Rs. 82,00,000. ii. Depreciation on machinery @ 10% iv. Six month insurance premium @ Rs.75,000 was pre 31.03.2012. v. Provision for taxation made during the year Rs.3, 50 ,000 31.06 .2011 . vi. General reserve to be created Rs. 2,80,000. the personal use at par. Assuming that accounts are required to prepare machinery account from 2001 to 2003. Q.6 Prepare Final accounts of ABC Ltd. for the year ending 31.03 .2012 with the give (Rs. in Thousands) Adjustment: i. Stock on 31.03.2012 Rs. 82,00,000. ii. Depreciation on machinery @ 10% iv. Six month insurance premium @ Rs.75,000 was pre 31.03.2012. v. Provision for taxation made during the year Rs.3, 50 ,000 31.06 .2011 . vi. General reserve to be created Rs. 2,80,000