Page 169 - Account 10

17. The following are the balances of assets, capital and liabilities of Shakya
Enterprises as on 30-12-075.

Plant and machinery 12000 Freehold premises 14,000
Livestock 10,000 Cash in hand 500
Capital 30,000 Mortgage loan 7,000
Loan from bank 2,500 Drawing 3,200
Book debt (sundry debtors) 2,800 Bills receivables 1,900
S/creditors 3,000 Bills payables 2,500
Stock 15,000 Net profit 14,400
You are required to prepare Balance Sheet as on that date.
Ans: Balance Sheet Total: 56200
18. Prepare a Balance Sheet of M/S. Ganesh & Co. for the year ended 32 Asadh
nd
2075, from the following particulars.
Description Amount Description Amount
Cash in hand 1,000 Capital 1,00,000
Bank balance 12,000 Reserves 6,000
Bills receivables 7,000 Debtors 5,000
Bank overdraft 24,000 Bills payables 5,000
Land and building 65,000 Creditors 2,000
Machinery 22,000 Closing stock 25,000
Ans: B/S. Total: 1,37,000
st
19. Prepare a Balance Sheet of Kamal & Co. for the year ended Ashadh 31 , 2075,
from the following particulars:
Description Amount Description Amount
Capital 20,000 Reserve fund 1,000
Cash in hand 1,500 Debtors 8,000
Bank balance 5,000 Furniture 500
Bills receivables 3,000 Building 9,000
Bank overdraft 5,000 Machinery 4,000
Creditors 3,000 Closing stock 12,000
Net profit 5,000 Loan 9,000
Ans: B/S. Total: Rs. 43,000

20. Prepare Balance Sheet of B & D Distributors on the basis of following
particulars as on 31 Ashadh 2075.
st
Description Amount Description Amount
Capital 1,75,000 Land 1,25,000
Investment 80,000 Accrued income 10,000
Bank overdraft 30,000 Debtor 35,000
Net profit 40,000 Wages payable 5,000
Ans: B/S. Total: Rs. 2,50,000

168 Aakar’s Office Practice and Accountancy - 10 Final Accounts 169