Advertisements
Advertisements
प्रश्न
The following is the trial balance of Mr. R.P. Sharma for the year ended 31st December, 2018. Compile the final accounts for him, after attending to the adjustments and thereafter also submit the required information, listed by him.
| Debit (₹) | Credit (₹) | |
| Land | 1,00,000 | |
| Freehold Premises | 60,000 | |
| Bills Receivable and Payable | 20,000 | 24,000 |
| Wages | 15,000 | |
| Rejection of Goods Including Price Adjustments | 2,500 | 3,500 |
| Personal Accounts Resulting from Credit Sales and Purchases | 31,000 | 15,000 |
| Purchase and Sales Including Cash Transactions | 40,500 | 96,000 |
| Salaries | 7,000 | |
| Insurance and Municipal Taxes | 1,500 | |
| Rentals | 2,000 | 4,500 |
| Bad Debts | 600 | |
| Carriage | 3,000 | |
| Opening Stock | 5,000 | |
| Commission Accounts | 500 | 600 |
| Vehicles | 62,000 | |
| Machinery | 85,000 | |
| Drawings and Capital Accounts | 8,000 | 1,75,000 |
| Loan from the S.F.C. | 1,25,000 | |
| 4,43,600 | 4,43,600 |
Closing stock value is ₹ 7,500.
खाता बही
Advertisements
उत्तर
| In the Books of Mr. R.P. Sharma | |||||
| Dr. | Trading and Profit and Loss A/c for the year ended 31.12.2018 |
Cr. | |||
| Particulars | Amount (₹) | Amount (₹) | Particulars | Amount (₹) | Amount (₹) |
| To Opening Stock | - | 5,000 | By Sales Cash | 96,000 | 93,500 |
| To Purchases | 40,500 | 37,000 | Less: Returns | (2,500) | |
| Less: Returns | (3,500) | By Closing Stock | - | 7,500 | |
| To Wages | - | 15,000 | |||
| To Carriage | - | 3,000 | |||
| To Gross Profit | - | 41,000 | |||
| 1,01,000 | 1,01,000 | ||||
| To Salaries | - | 7,000 | By Gross Profit | - | 41,000 |
| To Insurance and Municipal tax | - | 1,500 | By Rent Earned | - | 4,500 |
| To Rent paid | - | 2,000 | By Commission Earned | - | 600 |
| To Commission Paid | - | 500 | |||
| To Bad Debt | - | 600 | |||
| To Net Profit | - | 34,500 | |||
| 2,42,950 | 2,42,950 | ||||
| Balance Sheet as on 31.12.2018 | ||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) |
| Capital | 1,75,000 | 2,01,500 | Vehicles | 62,000 |
| Add: Net Profit | 34,500 | Land | 1,00,000 | |
| 2,09,500 | Freehold Premises | 60,000 | ||
| Less: Drawings | (24,000) | Bills Receivable | 20,000 | |
| Loan From the S.F.C | 1,25,000 | Machinery | 85,000 | |
| Bills Payable | 24,000 | Closing Stock | 7,500 | |
| 3,34,500 | 3,34,500 | |||
| Personal Account | |||
| Particulars | Amount (₹) | Particulars | Amount (₹) |
| To Personal Accounts resulting from credit purchases | 15,000 | By Personal Accounts resulting from credit sales | 31,000 |
| To Balance c/d (Bal. figure) | 24,000 | By Drawings | 8,000 |
| 39,000 | 39,000 | ||
shaalaa.com
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
