1. Following are the balances extracted from the books of Gurman on 31st March, 2024: ₹ ₹ Capital 19,00,000 Cash at Bank 2,60,000 Drawings 70,000 Salaries 80,000 Plant and Machinery 12,00,000 Repairs 19,000 Delivery Vehicle 2,60,000 Stock on 1st April, 2023 1,60,000 Sundry Debtors 3,60,000 Rent 45,000 Sundry Creditors 4,95,000...

2. Prepare Trading and Profit & Loss Account and Balance Sheet from the following balances relating to the year ended 31st March, 2024: ₹ ₹ Capital 1,00,000 Bank 10,000 Creditors 17,000 Repairs 500 Returns Outward 5,000 Stock on 1st April, 2023 20,000 Sales 1,64,000 Rent 4,000 Plant and Machinery 40,000...

3. Following Trial Balance has been extracted from the books of Pawan as on 31st March. 2024. Particulars Dr. (₹) Particulars Cr. (₹) Machinery 4,00,000 Capital 9,00,000 Cash at Bank 1,00,000 Sales 16,00,000 Cash in Hand 50,000 Sundry Creditors 4,50,000 Wages 1,00,000 Interest Received 30,000 Purchases 8,00,000 Stock on 1st...

5. From the following Trial Balance of Sunil as on 31st March, 2024, 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. Debit Balances ₹ Credit Balances ₹ Capital 8,00,000 Drawings 1,80,000 Sales 15,50,000...

4. Trial Balance of a business as at 31st March, 2024 is given below: Particulars Dr. (₹) Particulars Cr. (₹) Stock on 1st April, 2023 2,50,000 Sales 22,78,000 Furniture 80,000 Commission 5,000 Plant and Machinery 15,00,000 Returns Outward 10,000 Debtors 3,00,000 Creditors 4,00,000 Wages 1,20,000 Capital 15,00,000 Salaries 2,00,000 Bad...

6. Prepare Trading and Profit & Loss Account for the year ended 31st March, 2024 and Balance Sheet as at that date from the following balances taken from the books of Vijay on 31st March, 2024 after giving effect to the following adjustments: (i) Stock Bs on 31st March, 2024...

7. Following are the balances extracted from the books of Narain on 31st March, 2024: Particulars ₹ Particulars ₹ Narain’s Capital 3,00,000 Sales 15,00,000 Narain’s Drawings 50,000 Sales Return 20,000 Furniture and Fittings 26,000 Discount (Dr.) 16,000 Bank Overdraft 42,000 Discount (Cr.) 20,000 Creditors 1,38,000 Insurance 20,000 Building 2,00,000 General...

8. Following balances are taken from the books of Ramesh. Prepare Trading and Profit & Loss Account for the year ended 3lst March, 2024 and Balance Sheet as on that date: Particulars ₹ Particulars ₹ Capital 12,00,000 Drawings 2,10,000 Opening Stock 4,50,000 Plant and Machinery 2,40,000 Furniture 15,000 Purchases 29,50,000...

9. From the following information of Menal, prepare his Final Accounts for the year ended 31st March, 2024: Debit Balances ₹ Credit Balances ₹ Purchases 2,50,000 Sales 5,00,000 Returns Inward 12,000 Returns Outward 10,000 Carriage 8,000 Creditors 1,02,000 Wages 60,000 Commission (Cr) 1,000 Miscellaneous Expenses 2,000 12% Bank Loan 30,000...

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...

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)...

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...

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...

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...

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...

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...

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...

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...

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...