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प्रश्न
From the following particulars, prepare balance sheet in the books of Bragathish as on 31st December, 2017:
| Particulars | ₹ | Particulars | ₹ |
| Capital | 80,000 | Cash in hand | 20,000 |
| Debtors | 12,800 | Net profit | 4,800 |
| Drawings | 8,800 | Plant | 43,200 |
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उत्तर
Balance Sheet of Bragathish
as of 31st December 2017
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital | 80,000 | 76,000 | Debtors | 12,800 |
| Add: Net Profit | 4,800 | Cash in hand | 20,000 | |
| 84,800 | Plant | 43,200 | ||
| Less: Drawings | 8,800 | |||
| 76,000 | 76,000 |
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संबंधित प्रश्न
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The accounts prepared at the end of the accounting year to know the profit or loss and Financial position of business
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In every adjustment atleast there are three effects.
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Goodwill is not a fictitious asset
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Capital is excess of Liabilities over Assets.
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How will the following appear in the final accounts of Karaikudi sports club for the year ending 31st March, 2019?
| Particulars | ₹ |
| Tournament fund on 1st April 2018 | 90,000 |
| Tournament fund investment on 1st April 2018 | 90,000 |
| Interest received on tournament fund investment | 9,000 |
| Donation to tournament fund | 10,000 |
| Tournament expenses | 60,000 |
Compute capital fund of Salem Sports Club as on 1.4.2019.
| Particulars | ₹ | Particulars | ₹ |
| Sports equipment | 30,000 | Prize fund | 10,000 |
| Computer | 25,000 | Prize fund investments | 10,000 |
| Subscription outstanding for 2018-19 | 5,000 | Cash in hand | 7,000 |
| Subscription received in advance for 2019-20 | 8,000 | Cash at bank | 21,000 |
What is meant by Grouping and Marshalling of assets and liabilities? Explain the ways in which a balance sheet may be marshalled.
Calculate the Capital.
| Assets | (₹) | Liabilities | (₹) |
|
Building |
20,000 |
Bills Payable | 18,000 |
| Furniture | 15,000 | Creditors | 20,700 |
| Debtors | 30,000 | Outstanding Wages | 1,250 |
| Investments | 10,000 | ||
| Cash at Bank | 5,000 | ||
| Plant & Machinery | 20,000 |
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Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
| ₹ | |
| Opening stock | 50,000 |
| Net sales | 11,00,000 |
| Net purchases | 6,00,000 |
| Direct expenses | 60,0000 |
| Administration expenses | 45,000 |
| Selling and distribution expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing stock | 70,000 |
What does it indicate if the balance sheet does not tally (totals on both sides are not equal)?
Why is the balance sheet prepared "as on" a date, not "for the year ended"?
If cash at bank increases, which side of the balance sheet changes?
Which adjustment will affect both the Trading/Profit & Loss account and Balance Sheet?
