Page 120 - Office Practice and Accounting 10

15. Prepare balance–sheet of XYZ company Ltd. from the following
information, as on 31 Dec. 2015.

Goodwill Rs 10000 Land Rs. 30,000
Capital 90,000 Bank 10,000
Outstanding expenses 600 Creditors 31,500
Cash 40,500 Receivables 6,500
Net profit 46,300 Payables 5350
Debtors 25,000 Advance income 1250
Drawings 5000 Closing stock 40,000
Furniture 8,000

Ans: Balance sheet Rs. 1,70,000
16. You are required to prepare a balance sheet of a trader as on 31, Ashadh
2072 from the following balances.

Particulars Amount Particulars Amount
Capital Rs. 2,00,000 Vehicles Rs. 55000
Bank 40,000 Creditors Rs. 15,000
Bill payables 35,000 Overdraft Rs. 20,000
Business premises 60,000 Trademark Rs. 20,000
Bad debt 54,000 Investment Rs. 25000
Closing stock 50,000 Drawings 3000
Interest on capital 1000 Copy right 9000

Ans: Balance sheet Rs 2,68,000
17. You are given the following balances.

Particulars Amount Particulars Amount
Capital 32,500 Motor van. 4,000
Furniture 1,250 Machinery 8500
Bank (Cr.) 3000 Building 10,000
Loan for ‘A’ 3000 Sundry debtors 11000
Profit and loss (Cr.) 500 Sundry creditors 7500
Drawing 2,500 Patent 3750
Bill receivable 3500 Stock 6000
Bill payable 4,000

Required: Balance sheet as on 31 December 2016.
Ans: Balance sheet Rs 48,000

114 Office Practice and Accounting 10