1. Prepare a Trading Account from the following particulars for the year ended 31st March, 2023:- Particulars ₹ Particulars ₹ Opening Stock 2,50,000 Purchases Returns 22,000 Purchases 7,00,000 Sales Return 36,000 Sales 18,00,000 Gas, Fuel and Power 75,000 Wages 2,06,000 Dock Charges 8,000 Carriage Inward 34,000 Factory Lighting 96,000 Carriage Outward 20,000 Office Lighting 5,000 … Read more
15. Prepare trading and profit and loss account of M/s Sports Equipments for the year ended March 31, 2017 and balance sheet as on that date: Account Title DebitAmount (₹) CreditAmount (₹) Opening stock 50,000 Purchases and sales 3,50,000 4,21,000 Sales returns 5,000 Capital 3,00,000 Commission 4,000 Creditors 1,00,000 Bank overdraft 28,000 Cash in hand … Read more
14. From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Opening stock 10,000 Sales 2,28,000 Purchases 78,000 Capital 70,000 Carriage inwards 2,500 Interest 7,000 Salaries 30,000 Commission 8,000 Commission … Read more
13. Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on March 31, 2017. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Buildings 23,000 Sales 1,80,000 Plant 16,930 Loan 8,000 Carriage inwards 1,000 Bills payable 2,520 Wages 3,300 Bank overdraft 4,720 Purchases 1,64,000 Creditors 8,000 Sales return … Read more
12. Prepare trading and profit and loss account and balance sheet of M/s Royal Traders from the following balances as on March 31, 2017. Account Title Debit Amount (₹) Account Title CreditAmount (₹) Stock 20,000 Sales 2,45,000 Cash 5,000 Creditors 10,000 Bank 10,000 Bills payable 4,000 Carriage on purchases 1,500 Capital 2,00,000 Purchases 1,90,000 Drawings … Read more
11. From the following trial balance of Mr. A. Lal, prepare trading, profit and loss account and balance sheet as on March 31, 2017. Account Title DebitAmount (₹) CreditAmount (₹) Stock as on April 01, 2016 16,000 Purchases and Sales 67,600 1,12,000 Returns inwards and outwards 4,600 3,200 Carriage inwards 1,400 General expenses 2,400 Bad … Read more
10. Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Account Title DebitAmount (₹) CreditAmount (₹) Purchases and Sales 3,52,000 5,60,000 Return inwards and Return outwards 9,600 12,000 Carriage inwards 7,000 Carriage outwards 3,360 Fuel and power 24,800 Opening stock 57,600 Bad debts 9,950 Debtors … Read more
9. The following is the trial balance of Mr. Deepak as on March 31, 2017. You are required to prepare trading account, profit and loss account and a balance sheet as on date: Account Title Debit Amount (₹) Account Title CreditAmount (₹) Drawings 36,000 Capital 2,50,000 Insurance 3,000 Bills payable 3,600 General expenses 29,000 Creditors … Read more
8. The following is the trial balance of Manju Chawla on March 31, 2017. You are required to prepare trading and profit and loss account and a balance sheet as on date: Account Title DebitAmount (₹) CreditAmount (₹) Opening stock 10,000 Purchases and sales 40,000 80,000 Returns 200 600 Productive wages 6,000 Dock and Clearing … Read more
7. 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 Debit Amount (₹) Account Title CreditAmount (₹) Debtors 12,000 Apprenticeship premium 5,000 Purchases 50,000 Loan 10,000 Coal, gas … Read more