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The following Trial Balance and adjustments of a trading concern on Chaitra 31, 2075 were given to you: Trial Balance Particulars Credit Rs. Debit Rs.

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The following Trial Balance and adjustments of a trading concern on Chaitra 31, 2075 were given to you: Trial Balance Particulars Credit Rs. Debit Rs. 12,500 1,60,000 74,400 12,400 5.500 7.500 18,300 7,000 1,000 10,000 500 30,000 Drawing Capital Opening stock Camiage inward Retum inward Return to suppliers Deposit with suppliers Charges on sales Rent outstanding Loan to Raju Interest on loan Creditors Purchases. Sales Provision for bad debts Debtors Goodwill.. Advertisement Bad debts Cash Discount on sales Wages Plant and machinery Prepaid insurance Goodwill written off. Total 11,30,000 12,80.000 12,000 60.000 31,000 9,500 4,000 20,600 3,300 7,500 78,000 2,000 5,000 14,91,000 14,91,000 1. Adjustments: Write off further bad debts of Rs. 2,000 and make provision for bad debts @ 10% on debtors 11. Closing stock at the end of the year were valued at Rs. 1,88,000. Wages included Rs. 2,000 paid for erection of plant. iv. Depreciate plant by 10%. Prepaid insurance expired to the extent of Rs.1.500. Required: Trading account b. Profit and Loss account Balance Sheet as on Chaitra 31, 2075. Ans: GP Rs. 2,47,700; NP Rs 2,14,100 and B/S total Rs. 3,92,600 V a C

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