5. From the following Trial Balance extracted from the books of A, prepare Trading and Profit & Loss Account for the year ending 31st March, 2023 and a Balance Sheet as at that date: Dr. (Rs.) Cr. (Rs.) FurnitureLoose ToolsBuildings 6,40062,50075,000 Particulars Debit (Rs.) Credit (Rs.) Capital AccountBad-debtsProvision for Bad-debtsSundry Debtors and CreditorsStock on 1st … Read more
4. Prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date from the following Trial Balance: Dr. (Rs.) Cr. (Rs.) Capital Cash Bank Overdraft Purchases and Sales Returns Establishment Expenses Taxes and Insurance Bad-debts and Bad-debt Provision Debtors and CreditorsCommissionDeposits Opening StockDrawings Furniture 15,0001,20,00010,00022,0005,0005,00050,00040,00030,00014,0006,000 … Read more
3. On 31st March, 2023 the following Trial Balance was extracted from the books of Mohan: Dr. (Rs.) Cr. (Rs.) CapitalDrawingsDebtors and CreditorsBank LoanInterest on LoanCashProvision for Bad DebtsStock 1– Apr – 2022Motor VehiclesBank 5,00020,0003002,0006,80010,0003,500 30,00010,0009,500 700 Particulars Debit (Rs.) Credit (Rs.) Land and Buildings Bad-DebtsPurchases and Sales ReturnsCarriage OutwardCarriage InwardSalariesRent and InsuranceAdvertisingDiscountGeneral ExpensesB/R and … Read more
2. From the following Trial Balance prepare Trading and Profit & Loss Account for the year ended 31st March, 2023 and Balance Sheet as at that date: Dr. (Rs.) Cr. (Rs.) Stock 1st April, 2022Purchases and Purchase ReturnFreehold PremisesIncidental Trade Exp. 22,3002,30,0001,00,00011,200 5,200 Dr. (Rs.) Cr. (Rs.) Insurance Audit FeesCommission ReceivedInterestDebtors and CreditorsWagesSalariesCapitalDrawingsIncome-TaxInvestmentsDiscount allowed & … Read more
1. The following are the balances extracted from the books of Raghunath Ji as on 31st March, 2023. From these balances, prepare his Trading and Profit & Loss Account and Balance Sheet as at that date: Dr. (Rs.) Cr. (Rs.) Opening StockPurchases Sales DiscountSales Return BuildingsDebtorsSalariesOffice ExpensesWagesPurchase ReturnInterestTravelling ExpensesFire Insurance PremiumMachineryCarriage on PurchasesCommission 12,00040,000 … Read more
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