5. From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Drawings 20,000 Capital 2,00,000 Sundry debtors 80,000 Return outwards 2,000 Bad debts 1,000 Bank overdraft 12,000 Trade Expenses 2,400 Provision for bad debts … Read more
4. From the following Trial Balance you are required to prepare trading and profit and loss account for the year ending March 31, 2017 and Balance Sheet on that date. Account Title Amount ₹ Account Title Amount ₹ Opening stock 25,000 Sales 7,00,000 Furniture 16,000 Creditors 72,500 Purchases 5,55,300 Bank Overdraft 50,000 Carriage Inwards 4,700 … Read more
3. The following balances has been extracted from the trial of M/s Runway Shine Ltd. Prepare a trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Purchases 1,50,000 Sales 2,50,000 Opening stock 50,000 Return outwards 4,500 Return inwards 2,000 Interest received … Read more
2. Prepare a trading and profit and loss account of M/s Green Club Ltd. for the year ending March 31, 2017. from the following figures taken from his trial balance: Account Title Amount ₹ Account Title Amount ₹ Opening stock 35,000 Sales 2,50,000 Purchases 1,25,000 Purchase return 6,000 Return inwards 25,000 Creditors 10,000 Postage and … Read more
1. Prepare a trading and profit and loss account for the year ending March 31, 2017. from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet at the end of the year. Account Title Amount ₹ Account Title Amount ₹ Stock 50,000 Sales 1,80,000 Wages 3,000 Purchases return 2,000 Salary 8,000 Discount … Read more
19. From the following Trial Balance of Pooran, prepare Trading and Profit & Loss Account for the year ending 31st March, 2024 and Balance Sheet as on that date: Heads of Accounts L.F. Dr. (₹) Cr. (₹) Drawings 15,000 Capital 3,50,000 Plant and Machinery 2,05,000 Debtors 50,000 Creditors 28,000 Returns Inward 8,000 Returns Outward 7,000 … Read more
18. Prepare Trading and Profit & Loss Account for the year ended 31st March, 2024 and Balance Sheet as at that date from the following Trial Balance: Heads of Accounts L.F. Dr. (₹) Cr. (₹) Capital 1,00,000 Cash 15,000 Bank Loan 20,000 Purchases 1,20,000 Sales 150,000 Sales Return 10,000 Purchases Return 20,000 Salary Expenses 22,000 … Read more
17. From the following Trial Balance and additional information of Bharat, a proprietor, prepare Trading and Profit & Loss Account for the year ending 31st March, 2024 and the Balance Sheet as at that date: Heads of Accounts L.F. Dr. (₹) Cr. (₹) Opening Stock 90,000 Purchases 4,50,000 Sales 600,000 Wages 60,000 Wages Outstanding (at … Read more
16. The following is the Trial Balance of Ashok as on 31st March, 2024: Particulars ₹ Particulars ₹ Building 1,50,000 Capital 30,000 Purchases (Adjusted) 2,90,000 Sales 5,29,500 Salaries 5,000 Wages Outstanding (At the end) 8,000 Bad Debts 2,000 Provision for Depreciation on Furniture 12,000 Wages 10,000 Apprentice Premium 500 Rent 5,000 Sundry Creditors 20,000 Prepaid … Read more
15. From the following Trial Balance and information, prepare Trading and Profit & Loss Account of Gurman for the year ended 31st March, 2024 and Balance Sheet as on that date: Heads of Accounts Dr. (₹) Cr. (₹) Capital 100,000 Drawings 12,000 Land and Building 90,000 Plant and Machinery 20,000 Furniture 5,000 Sales 140,000 Returns … Read more