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प्रश्न
Prepare Final accounts of Abdul Traders for the year ending 31st March 2019 with the help of the following Trial Balance and Adjustments.
Trial Balance as of 31st March 2019.
| Debit Balance | Amount (₹) | Credit Balance | Amount (₹) |
| Salaries | 10,000 | Interest Received | 2,400 |
| Purchases | 71,400 | Capital | 1,60,000 |
| Rent (11 months) | 2,200 | Sales | 85,000 |
| Machinery | 56,000 | Provision for Bad Debts | 2,000 |
| Advance against wages | 4,000 | Commissions Received | 1,600 |
| Opening stock | 20,000 | Bills Payable | 9,200 |
| Bad debts | 1,000 | Creditors | 56,000 |
| Prepaid Insurance | 2,400 | ||
| Wages | 2,600 | ||
| Loose Tools | 26,000 | ||
| Commission receivable | 400 | ||
| Sundry Debtors | 64,000 | ||
| Cash | 1,000 | ||
| Bank | 3,000 | ||
| Drawings | 7,600 | ||
| Freight Inward | 1,000 | ||
| Bills Receivable | 13,600 | ||
| Loan to Aruna | 30,000 | ||
| 3,16,200 | 3,16,200 |
Adjustments:
1. Closing stock valued at ₹ 89,600
2. Outstanding expenses Salaries ₹ 2,000, Wages ₹ 4,000
3. Charge depreciation on Machinery @ 10%
4. Bad debts are written off ₹ 2,000 and create a provision for bad and doubtful debts 5% on Sundry Debtors.
खाता बही
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उत्तर
| In the books of Abdul Traders | |||||
| Dr. | Trading & Profit & Loss Account for the year ended 31st March 2019 | Cr. | |||
| Particulars | Amt. (₹) | Amt. (₹) | Particulars | Amt. (₹) | Amt. (₹) |
| To Opening stock | 20,000 | By Sales | 85,000 | ||
| To Purchases | 71,400 | By Closing Stock | 89,600 | ||
| To Wages | 2,600 | ||||
| Add: Outstanding | 4,000 | 6,600 | |||
| To Freight Inward | 1,000 | ||||
| To Gross Profit c/d | 75,600 | ||||
| 1,74,600 | 1,74,600 | ||||
| To Salaries | 10,000 | By Gross Profit bld | 75,600 | ||
| Add: Outstanding | 2,000 | 12,000 | By Interest Received | 2,400 | |
| To Rent (11m) | 2,200 | By Commission Received | 1,600 | ||
| Add: Outstanding (1m) | 200 | 2,400 | |||
| To Bad debts (T) | 1,000 | ||||
| Add: New B. D. (A) | 2,000 | ||||
| Add: New R.D.D (A) | 3,100 | ||||
| 6,100 | |||||
| Less: Old R.D.D (T) | 2,000 | 4,100 | |||
| To Dep. on Machinery | 5,600 | ||||
| To Net Profit c/d | 55,500 | ||||
| 79,600 | 79,600 | ||||
| Balance Sheet as of 31st March 2019 | |||||
| Liabilities | Amt. (₹) | Amt. (₹) | Assets | Amt. (₹) | Amt. (₹) |
| Capital | 1,60,000 | Machinery | 56,000 | ||
| Less: Drawings | 7,600 | Less: Depreciation @ 10 % | 5,600 | 50,400 | |
| 1,52,400 | Advance against wages | 4,000 | |||
| Add: Net Profit | 55,500 | 2,07,900 | Prepaid Insurance | 2,400 | |
| Bills Payable | 9,200 | Loose Tools | 26,000 | ||
| Creditors | 56,000 | Commission Receivable | 400 | ||
| Outstanding Salaries | 2,000 | Sundry Debtors (T) | 64,000 | ||
| Outstanding Wages | 4,000 | Less: New B. D.(A) | 2,000 | ||
| Outstanding Rent | 200 | 62,000 | |||
| Less: New R.D.D. (A) | 3,100 | 58,900 | |||
| Cash | 1,000 | ||||
| Bank | 3,000 | ||||
| Bills Receivable | 13,600 | ||||
| Loan to Aruna | 30,000 | ||||
| Closing Stock | 89,600 | ||||
| 2,79,300 | 2,79,300 | ||||
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