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Question. The trial balances of Mr. Abdullah shows the following balances on 31st March 2014. Prepare final accounts. Closing stock on 31st March 2014 was
Question. The trial balances of Mr. Abdullah shows the following balances on 31st March 2014. Prepare final accounts. Closing stock on 31st March 2014 was ZMK. 30,000 Debit Balance Amount(zmk) Credit Balance Amount(zmk) Purchases 70,000 Capital account 56,000 Sales returns 5,000 Sales 1.50,000 Opening stock 20,000 Purchase returns 4,000 Discount allowed 2,000 Discount received 1.000 Bank charges 500 Sundry creditors 30,000 Salaries 4,500 Wages 5,000 Freight inwards 4,000 Freight outwards 1,000 Rent, rates and taxes 5,000 Advertising 6,000 Cash in hand 1,000 Plant and machinery 50,000 Sundry debtors 60,000 Cash at bank 7,000 54 2,41,000 2,41,000 54
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