10. The following balances have been extracted from the books of M/s Green House for the year ended March 31, 2017, prepare trading and profit and loss account and balance sheet as on this date.

Account Title Amount ₹ Account Title Amount ₹
Purchases 80,000 Capital 2,10,000
Bank balance 11,000 Bills payable 6,500
Wages 34,000 Sales 2,00,000
Debtors 70,300 Creditors 50,000
Cash in hand 1,200 Return outwards 4,000
Legal expenses 4,000
Building 60,000
Machinery 120,000
Bills receivable 7,000
Office expenses 3,000
Opening stock 45,000
Gas and fuel 2,700
Freight and Carriage 3,500
Factory lighting 5,000
Office furniture 5,000
Patent right 18,800
Total 4,70,500 Total 4,70,500

Adjustments:

(a) Machinery is depreciated at 10% and buildings depreciated at 6%.

(b) Interest on capital @ 4%.

(c) Outstanding wages ₹50.

(d) Closing stock ₹50,000.

NCERT/Rationalised 2023-24/Numerical Questions/Q-10

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