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
14. On 31st March, 2024 the following Trial Balance was prepared from the books of Manpreet. Debit Balances ₹ Credit Balances ₹ Furniture 3,400 Capital 1,00,000 Building 21,700 Discount received 2,000 Drawings 4,200 Bank Loan 10,000 Cash at Bank 2,470 Purchases Return 970 Wages 31,250 Sales 1,91,940 Discount Allowed 2,640 Sundry Creditors 12,450 Bank Charges … Read more
13. Following is the Trial Balance of Indramani as on 31st March, 2024: Debit Balances ₹ Credit Balances ₹ Building 27,000 Capital 60,000 Machinery 16,500 Returns Outward 1,100 Furniture 6,300 Sales 2,46,700 Goodwill 27,142 Provision for Doubtful Debts 6,200 Wages 31,790 Creditors 30,160 Salaries 15,040 Bank Loan 10,000 Freight Inwards 2,470 Freight Outwards 2,000 Manufacturing … Read more
12. Prepare Trading and Profit & Loss Account for the year ending on 31st March, 2024 and Balance Sheet as on that date from the following balances of Trial Balance: Particulars ₹ Particulars ₹ Debit Balances Advance for Machinery 7,000 Drawings 10,000 Discount 1,000 Machinery 50,000 Wages and Salaries 5,000 Stock 25,000 Cash in Hand … Read more
11. From the following Trial Balance of Shubho, prepare Trading and Profit & Loss Accounts for the year ended 31st March, 2024 and Balance Sheet as at that date: Heads of Accounts L.F. Debit Balances (₹) Credit Balances (₹) Land and Building 50,000 Purchases (Adjusted) 2,07,500 Stock (31st March. 2024) 45,000 Wages 45,300 Salaries 39,000 … Read more
10. From the following Trial Balance and other information, prepare Trading and Profit & Loss Account for the year ended 31st March, 2024 and Balance Sheet as at that date: Heads of Accounts L.F. Dr. (₹) Cr. (₹) Sundry Debtors 3,20,000 Stock on 1st April, 2023 2,20,000 Cash in Hand 350 Cash at Bank 15,450 … Read more