Page 172 - Account 10

32. Prepare the Balance Sheet of Dhakal & Pokhral Distributors on the basis of
the following particulars as on 31 Ashadh, 2075.
st
Capital 2,60,000 Patents 80,000
Prepaid Expenses 30,000 Closing Stock 80,000
Interest on capital 10,000 Contingency reserve 40,000
Net Loss 20,000 Land 1,00,000
Total B.S. Rs. 2,90,000
33. Prepare the Balance Sheet of Gurujee Stores on the basis of the following
particulars as on 30 Ashadh, 2075.
th
Additional Capital 1,40,000 Loan to Hari 30,000
Short term investment 40,000 Leaseholds assets 40,000
Interest on capital 20,000 Drawing 20,000
Net Profit 30,000 Furniture 60,000
Total B.S. Rs. 1,70,000
34. Prepare the Balance Sheet of Uchchata & Soniya Company, Narayangard, on
the basis of the following particulars as on 31 Ashadh, 2075/076 fiscal year.
st
Capital 90,000 Preliminary Expenses 10,000
Fixed assets 75,000 Accured Income 30,000
Loan on Mortgage 20,000 Dividend Equalization Fund 15,000
Debenture 30,000 Goodwill 40,000
Total B.S. Rs. 1,55,000
35. Prepare Trading A/c and Profit and Loss A/c for the year ended 30 Chaitra
th
2075 and a Balance Sheet as on that date.
Dr. Balance Amount Cr. Balance Amount
Drawing 4,500 Capital 16,000
Goodwill 8,000 Bills payable 3,380
Land and building 6,000 Creditors 7,000
Plant and machinery 4.000 Purchase returns 265
Loose tools 400 Sales 41,400
Bills receivables 300
Stock (1-1-2075) 4,000
Purchase 25,100
Wages 2,000
Carriage outward, 50
Carriage inward 100
Coal 580
Salaries 3,500
Rent, rates & taxes 280
Discount 150
Cash at bank 2,500
Cash in hand 40
Sundry debtors 4,500
Repairs 180
Bad debt 120
Sales returns 100
Furniture 1,120
General expenses 525
68,045 68,045
Stock on 30-12-2075 was Rs. 3500
Ans: Gross profit Rs. 13,285, Net profit Rs. 8,480, B/S. Total: 30,360

172 Aakar’s Office Practice and Accountancy - 10 Final Accounts 173