15. Prepare the bad debts account, provision for account, profit and loss account and balance sheet from the following information as on March 31, 2017 ₹ Debtors 80,000 Bad debts 2,000 Provision for doubtful debts 5,000 Adjustments: Bad debts ₹500 Provision on debtors @ 3%. NCERT/Rationalised 2023-24/Numerical Questions/Q-15 Answer : Back
14. The following balances appeared in the trial balance of M/s Kapil Traders as on March 31, 2017 ₹ Sundry debtors 30,500 Bad debts 500 Provision for doubtful debts 2,000 The partners of the firm agreed to records the following adjustments in the books of the Firm: Further bad debts ₹300. Maintain provision … Read more
13. Prepare the trading and profit and loss account and balance sheet of M/s Control Device India on March 31, 2017 from the following balance as on that date. Account Title Debit Amount ₹ Credit Amount ₹ Drawings and Capital 19,530 67,500 Purchase and Sales 45,000 1,12,500 Salary and Commission 25,470 1,575 Carriage 2,700 Plant … Read more
12. The following balances were extracted from the books of M/s Panchsheel Garments on March 31, 2017. Account Title Debit Amount ₹ Account Title Credit Amount ₹ Opening stock 16,000 Sales 1,12,000 Purchases 67,600 Return outwards 3,200 Return Inwards 4,600 Discount 1,400 Carriage inwards 1,400 Bank overdraft 10,000 General expenses 2,400 Commission 1,800 Insurance 4,000 … Read more
11. From the following balances extracted from the book of M/s Manju Chawla on March 31, 2017. You are requested to prepare the trading and profit and loss account and a balance sheet as on this date. Account Title Amount ₹ Amount ₹ 1 Opening stock 10,000 2 Purchases and Sales 40,000 80,000 3 Return … Read more
10. The following balances have been extracted from the books of M/s Green House for the year ended March 31, 2017, prepare trading and profit and loss account and balance sheet as on this date. Account Title Amount ₹ Account Title Amount ₹ Purchases 80,000 Capital 2,10,000 Bank balance 11,000 Bills payable 6,500 Wages 34,000 … Read more
9. From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date. Account Title DebitAmount ₹ Account Title CreditAmount ₹ Sundry debtors 9,600 Sundry creditors 2,500 Opening stock 22,800 Sales 72,670 Purchases 34,800 Purchases returns 2,430 Carriage … Read more
8. From the following balances extracted from the books of Raga Ltd. prepare a trading and profit and loss account for the year ended March 31, 2017 and a balance sheet as on that date. Account Title Amount ₹ Account Title Amount ₹ Drawings 20,000 Sales 2,20,000 Land and Building s 12,000 Capital 1,01,110 Plant … Read more
7. Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Opening stock 2,26,000 Sales 6,80,000 Purchases 4,40,000 Return outwards 15,000 Drawings … Read more
6. Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd. from the following particulars. Account Title Amount ₹ Account Title Amount ₹ Sundry debtors 1,00,000 Bills payable 85,550 Bad debts 3,000 Sundry creditors 25,000 Trade expense s 2,500 Provision for bad debts 1,500 Printing and Stationary 5,000 Return … Read more