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प्रश्न
The following trial balance is extracted from the books of M/s Ram on March 31, 2017. You are required to prepare trading and profit and loss account and the balance sheet as on date:
| Account title | Amount ₹ |
Account title | Amount ₹ |
| Debtors | 12,000 | Apprenticeship premium | 5,000 |
| Purchases | 50,000 | Loan | 10,000 |
| Coal, gas and water | 6,000 | Bank overdraft | 1,000 |
| Factory wages | 11,000 | Sales | 80,000 |
| Salaries | 9,000 | Creditors | 13,000 |
| Rent | 4,000 | Capital | 20,000 |
| Discount | 3,000 | ||
| Advertisement | 500 | ||
| Drawings | 1,000 | ||
| Loan | 6,000 | ||
| Petty cash | 500 | ||
| Sales return | 1,000 | ||
| Machinery | 5,000 | ||
| Land and building | 10,000 | ||
| Income tax | 100 | ||
| Furniture | 9,900 |
रोजकीर्द नोंद
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उत्तर
| Dr. | Trading Account as on March 31, 2017 | Cr. | |
| Particulars | Amount ₹ |
Particulars | Amount ₹ |
| Purchases | 50,000 | Sales 80,000 | |
| Coal, Gas and Water | 6,000 | Less: Sales Return 1,000 |
79,000 |
| Factory Wages | 11,000 | ||
| Profit and Loss (Gross Profit) |
12,000 | ||
| 79,000 | 79,000 | ||
| Dr. | Profit and Loss Account as on March 31, 2017 | Cr. | |
| Particulars | Amount ₹ |
Particulars | Amount ₹ |
| Salaries | 9,000 | Trading (Gross Profit) | 12,000 |
| Rent | 4,000 | Apprenticeship Premium | 5,000 |
| Discount | 3,000 | ||
| Advertisement | 500 | ||
| Net Profit | 500 | ||
| 17,000 | 17,000 | ||
| Balance Sheet as on March 31, 2017 | ||||
| Liabilities | Amount ₹ |
Assets | Amount ₹ |
|
| Capital | 20,000 | Machinery | 5,000 | |
| Add: Profit and Loss | Land and | |||
| (Net Profit) | 500 | Building | 10,000 | |
| 20,500 | Furniture | 9,900 | ||
| Loan | ||||
| Less: Drawings | (1,000) | (Given) | 6,000 | |
| Less: Income Tax | (100) | 19,400 | Debtors | 12,000 |
| Petty Cash | 500 | |||
| Loan (Taken) | 10,000 | |||
| Creditors | 13,000 | |||
| Bank Overdraft | 1,000 | |||
| 43,400 | 43,400 | |||
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