Page 165 - Account 10

Trading and Profit and Loss A/c of Harihar & Sons
Dr. For the year ended 32-3-2075 Cr.
Particulars Amount Particulars Amount
To Opening stock 600 By Sales 23400
To Purchase 11,000 Less: Returns 400
Less: return 200 23,000
10,800 By Closing stock 1,540
To Wages 4,000
To Carriage inward 1,600
To Gross profit c/d 7,540
24,540 24,540
To Salaries 2,080 By Gross profit b/d 7,540
To Office & general expenses 3,500 By Discount received 300
To Rent & taxes 720
To Postage & telegram 300
To Packing & distribution 400
To Depreciation on :
Plant & machinery 500
Fixtures fittings 30 530
To Net profit c/d 310
7,840 7,840

Balance Sheet of Harihar & Sons
As on 32-3-2075

Capital and Liabilities Amount Assets Amount
Capital 8,800 Cash in hand 200
Add: Net profit 310 Cash at bank 1,000
9,110 Plant machinery 5000
Less: Drawings 100 Less: Depreciation 500
9,010 4,500
S/creditors 2,100 Fixtures & fittings 600
Provision for bad debt 100 Less: Depreciation 30
570
Loose tools 1,000
S/debtors 2,400
Closing stock 1,540
11,210 11,210

164 Aakar’s Office Practice and Accountancy - 10 Final Accounts 165