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प्रश्न
The following is the trial balance of Mr. J. Jehangir as on 31st March, 2018.
| Dr. (₹) | Cr. (₹) | |
| Stock as on 1.4.18 | 25,000 | |
| Rates and Insurance | 11,900 | |
| Factory Power & Fuel | 16,000 | |
| Machineries | 1,00,000 | |
| Loose Tools | 10,000 | |
| Commission Earnings | 2,000 | |
| Discounts Received and Allowed | 6,000 | 5,000 |
| Personal Accounts of Suppliers & Customers | 48,000 | 20,000 |
| Salaries | 25,500 | |
| Wages | 13,000 | |
| Returns (of goods traded in) | 5,000 | 3,000 |
| Carriage Inward | 2,000 | |
| Carriage Outward | 5,000 | |
| Rent | 8,300 | |
| Purchases & Sales | 1,40,000 | 2,55,000 |
| Bad Debts Finalised & Recovered | 2,000 | 200 |
| Bills Receivable & Payable | 6,000 | 3,000 |
| Investments | 80,000 | |
| Income from Above Investments | 5,000 | |
| Bank Balances | 20,000 | 10,000 |
| Cash in Hand | 500 | |
| Capital & Drawings | 15,000 | 2,36,000 |
| 5,39,200 | 5,39,200 |
Compile the final accounts for the owner.
An inventory of the godown on 31.3.2018, reflected unsold stock valued ₹ 50,000.
खातेवही
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उत्तर
| In the Books of Mr. J. Jehangir | |||||
| 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 | - | 25,000 | By Sales Cash | 2,55,000 | 2,50,000 |
| To Purchases | 1,40,000 | 1,37,000 | Less: Returns | (5,000) | |
| Less: Returns | (3,000) | By Closing Stock | - | 50,000 | |
| To Wages | - | 13,000 | |||
| to Factory Power & Fuel | - | 16,000 | |||
| To Carriage Inwards | - | 2,000 | |||
| To Gross Profit | - | 1,07,000 | |||
| 3,00,000 | 3,00,000 | ||||
| To Rates & Taxes | - | 11,900 | By Gross Profit | - | 1,07,000 |
| To Carriage OutWard | - | 5,000 | By Commission Earned | - | 2,000 |
| To Discount Allowed | - | 6,000 | By Disc. Received | - | 5,000 |
| To Salaries | - | 25,500 | By Income from above Investments @ 10% | - | 5,000 |
| To Rent Paid | - | 8,300 | |||
| To Bad Debt | 2,000 | 1,800 | |||
| Less: Bad Debt Recovered | (200) | ||||
| To Net Profit | - | 60,500 | |||
| 1,19,000 | 1,19,000 | ||||
| Balance Sheet as on 31.12.2018 | ||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) |
| Capital | 2,36,000 | 2,81,500 | Machinery | 1,00,000 |
| Add: Net Profit | 60,500 | Sundry Debtors | 48,000 | |
| Less: Drawings | (15,000) | Loose Tools | 10,000 | |
| Bills Payable | - | 3,000 | Bills Receivable | 6,000 |
| Sundry Creditors | - | 20,000 | Investment | 80,000 |
| Bank Overdraft | - | 10,000 | Bank Balance | 20,000 |
| Cash in Hand | 500 | |||
| CIosing Stock | 50,000 | |||
| 3,14,500 | 3,14,500 | |||
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