Questions Bank u 7. The following is the trail Balance of X and y Co. as on 31" March, 2008. The partners sharing profits and losses in the ratio 2:1 Dr. Cr. Freehold premises 150.000 X Capital A/C 50.000 Plant and Machinery 45,000 Y Capital A/C 30,000 Wages 20.000 Sales (nel) 325.000 Opening Stock Discount 2,500 Finished Goods 40.000 Raw material 20.000 Work in Progress 18,000 Sundry debtors 50.000 Provision for bad debis 1,500 Carriage Inwards 1,500 Commission 10,000 Carriage outwards 900 Y's Loan Alc 30,000 Factory Expenses 7.500 Sundry creditors 25.000 Royaltles 1,500 Purchase of Raw material (nel) 75.000 Factory rent & taxes 6,500 Discount 2,900 Office rent 4,000 Insurance 2.000 Bad debts 1,500 Office Expenses 7,500 Salaries of works manager 12.000 Cash at bank 8.200 474,000 474,000 Questions Bank u 7. The following is the trail Balance of X and y Co. as on 31" March, 2008. The partners sharing profits and losses in the ratio 2:1 Dr. Cr. Freehold premises 150.000 X Capital A/C 50.000 Plant and Machinery 45,000 Y Capital A/C 30,000 Wages 20.000 Sales (nel) 325.000 Opening Stock Discount 2,500 Finished Goods 40.000 Raw material 20.000 Work in Progress 18,000 Sundry debtors 50.000 Provision for bad debis 1,500 Carriage Inwards 1,500 Commission 10,000 Carriage outwards 900 Y's Loan Alc 30,000 Factory Expenses 7.500 Sundry creditors 25.000 Royaltles 1,500 Purchase of Raw material (nel) 75.000 Factory rent & taxes 6,500 Discount 2,900 Office rent 4,000 Insurance 2.000 Bad debts 1,500 Office Expenses 7,500 Salaries of works manager 12.000 Cash at bank 8.200 474,000 474,000