Page 166 - Account 10
P. 166
Illustration - 9
From the following Trial Balance of Ramesh & Bros., prepare Trading A/c, Profit &
Loss A/c for the year ending 30 Chaitra, 2075 and Balance Sheet as on that date:
th
Debit Balance Amount Credit Balance Amount
Opening stock 5,200 Capital 16,000
Purchase 15,500 Creditors 2,000
Sales returns 300 Sales 20,000
Debtors 4,000 Commission 3,200
5,000 Rent 2,000
Building
4,000
Machinery
1,600
Furniture
2,000
Bills receivables 1,600
Salaries 200
Tax 300
Insurance 900
Carriage on purchase 300
Trade expenses 500
Travelling expenses 1,000
800
Wages
Cash
Total 43,200 Total 43,200
Adjustments:
Rent due but not received Rs. 500.
Commission to the extent of Rs. 200 received in advance.
Charge depreciation @ 10% on building and machinery
Bad debt declared @ 10% on debtors.
Closing stock was valued at Rs. 12,000.
Insurance pre-paid in extent to Rs. 50.
166 Aakar’s Office Practice and Accountancy - 10 Final Accounts 167
