Page 113 - Office Practice and Accounting 10

Particulars Debit (Rs.) Credit (Rs)
Opening stock 5,000 –
Purchase and sales 25,000 40,000
Wages 4,000 –

Carriage inward 200 –
Carriage outward 300 –
Cash in hand 400 –

Cash at bank 7,600 –
Salaries 2,400 –
Rent 1,200 –

Insurance 600 –
Discount 100 –

Furniture 10,000 –
Debtors and creditors 5,000 4,000
Printing and stationery 500 –

Office expenses 1,000 –
Capital – 20,000
Drawings 700 –
64,000 64,000

Adjustments:

i. Closing stock Rs. 6,000 ii. Outstanding salary Rs. 400
iii. Prepaid rent Rs. 100 iv. Depreciate furniture by 10%

Office Practice and Accounting 10 107