Page 171 - Account 10

26. Prepare the Profit and Loss A/c of B & B Traders, Kathmandu for the fiscal
year 075/076 from the following particulars.

Gross Loss 35,000 Office Expenses 45,000
Profit on Sale of Fixed Assets 85,000 Bad Debts Recovered 30,000
Interest Received 12,000 Entertainment Expenses 8,000
Bank Charge 15,000 Bonus Received 20,000
Net Profit Rs. 44,000
27. Prepare the Profit and Loss A/c of Bhoj & Company, Kathmandu on the basis
of the following particulars as on 31 Ashadh, 2075.
st
Bad debts recovered 40,000 Loss by theft 15,000
Gross Loss 55,000 Miscellaneous income 24000
Depreciation 5,000 Commission received 5,000
Bonus received 19,000 Printing & Stationery 15,000
Net less Rs. 2,000
28. Prepare the Profit and Loss A/c of Uchit & Ujjwal Company, Chitwan on the
basis of the following particulars as on 31 Ashadh, 2075.
st
Gross Profit 15,000 Interest received on development Bond 9,000
Carriage on sale 5,000 Share transfer fees 10,000
Packing charge 10,000 Bank charge 9,000
Renewal Charge 15,000
Discount Received 8,000
Net loss Rs. 17,000
29. Prepare the Profit and Loss A/c of Suman & Bhuwan Brothers, Itahari on the
basis of the following particulars as on 31 Ashadh, 2075.
st
Loss by Fire 15,000 Dividend received 30,000
Salary & wages 15,000 Freight outward 10,000
Discount received 15,000 Travelling Expenses 15,000
Insurance Charge 5,000 Discount on Purchase 20,000
Net Profit Rs. 5,000
30. Prepare the Profit and Loss A/c of Usha & Nirmala Pvt. Ltd., Pokhara on the
basis of the following particulars as on 31 Ashadh, 2075.
st
Gross profit 40,000 Commission received 3,000
Selling expenses 20,000 Discount allowed 7,000
Carriage out 20,000 Bad debts 18,000
Interest received 9,000 Apprenticeship Premium 8,000
Net Profit Rs. 5,000
31. Prepare the Balance Sheet of Khanal & Dhungana Distributors on the basis
of the following particulars as on 31 Ashadh, 2075.
st
Capital 1,50,000 Motor 1,25,000
Advance Expenses 20,000 Closing Stock 10,000
Proprietor’s Drawing 20,000 Loan on Mortgage 60,000
Net Profit 15,000 Commercial Building 50,000
Total B.S. Rs. 2,05,000

170 Aakar’s Office Practice and Accountancy - 10 Final Accounts 171