Page 114 - Office Practice and Accounting 10

Parajuli and Sisters
Trading and Profit and Loss Account
For the year ending 30 Chaitra 2071
Dr. Cr.
Particulars Amount Particulars Amount
To Opening stock 5,000 By Sales 40,000
To Purchase 25,000 By Closing stock 6,000
To Wages 4,000
To Carriage inward 200
To Gross profit 11,800
46,000 46,000
To Carriage outward 300 By Gross profit b/d 11,800
To Salaries 2,400
Add: outstanding 400 2,800
To Rent 1,200
Less: prepaid 100 1,100
To Insurance 600
To Discount 100
To Printing and stationery 500
To Office expenses 1,000
To Depreciation 1,000
To Net profit 4,400
11,800 11,800

Parajuli and Sisters.
Balance Sheet
As on 30 Chaitra 2071

Capital and Liabilities Amount Assets Amount
Capital 20,000 Furniture 10,000
Add: Net profit 4,400 Less: Depreciation 1,000 9,000
24,400 Cash in hand 400

Less: Drawing 700 23,700 Cash at bank 7,600
Outstanding salaries 400 Debtors 5,000
Creditors 4,000 Prepaid rent 100

Closing stock 6,000
28,100 28,100

108 Office Practice and Accounting 10