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Quel. Prepare final accounts for the year 31.03.2017. Particulars (4 Marks) Cr. Dr. 6400 62500 75000 1,25,000 1,250 2000 25000 Furniture Motor Vehicle Building Capital

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Quel. Prepare final accounts for the year 31.03.2017. Particulars (4 Marks) Cr. Dr. 6400 62500 75000 1,25,000 1,250 2000 25000 Furniture Motor Vehicle Building Capital Bad Debts Provision for bad debts Debtors/ Creditors Stock Purchases/sales Bank O/D Returns Advertisement Interest Commission Cash Taxes and Insurance Generalexpense Salary 38000 34,600 54,750 1,54,500 28,500 1,250 2,000 4,500 1,180 3,750 6,500 12,500 7,820 33,000 Adjustments: 1. Stock on 31.03.2017 Rs.32,500 2. Salary outstanding Rs. 3,000 3. Depreciation on building @5% 4. Write off Rs. 1,000 as bad debts and create a provision of 5% on debtors. 5.1/3 of commission received is in respect for next year

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