Page 121 - Office Practice and Accounting 10

18. Prepare balance sheet as on 31 Ashadh 2070 from the following information.

Particulars Amount Particulars Amount
Capital 119,400 Profit 65028
Drawing 10550 Prepaid insurance 750
Closing stock 128960 Machinery 28500
Furniture 8073 Debtors 58425
Outstanding expenses 200 Bill receivable 9500
Loan 20,000 Cash at bank 18970
Creditors 59,630 Cash in hand 530

Ans: Balance sheet Rs 2,53,708.
19. Prepare balance sheet of Nisha and Sons as on 31 Ashad from the
following information.

Capital 5,00,000
Outstanding salary 1,10,000
General reserve 70,000
Cash at bank 4,00,000
Closing stock 1,75,000
Net profit 30,000
Plant and machinery 1,10,000
Furnitures 25,000

Ans: Balance Sheet Rs. 710,000

20. Prepare a balance sheet of Mechi Furniture Industry, as on Asar end of
2070 from the following particulars:
Particulars Amount (Rs)
Capital 10,40,000
Goodwill 37,000
Outstanding wages 72,000
Furniture 3,25,000
Reserve fund 68,000
Pre-paid expenses 58,000
Machine 6,80,000
Net loss 80,000
Ans: Balance Sheet Total 1100,000

Office Practice and Accounting 10 115