06. On 31st March 2005 the following trial balance was extracted from the books of Ms. Nicolette : Particulars Debit Credit Rs. Rs. Capital Account Plant and Machinery Sales Purchases 1,00,000 1,60,000 3,54,000 1,20,000 2,000 60,000 Returns 1,500 Opening stock (1-4-2004) Discount 700 1,600 Bank charges Sundry Debtors Sundry Creditors Salaries Manufacturing Wages Carriage Inwards Carriage Outwards Bad Debts Provision Rent, Rates and Taxes 150 90,000 50,000 13,600 20,000 1,500 2,400 1,050 20,000 4,000 Advertisements Cash in hand Cash at bank 1,800 12,000 5,08,150 5,08,150
06. On 31st March 2005 the following trial balance was extracted from the books of Ms. Nicolette : Particulars Debit Credit Rs. Rs. Capital Account Plant and Machinery Sales Purchases 1,00,000 1,60,000 3,54,000 1,20,000 2,000 60,000 Returns 1,500 Opening stock (1-4-2004) Discount 700 1,600 Bank charges Sundry Debtors Sundry Creditors Salaries Manufacturing Wages Carriage Inwards Carriage Outwards Bad Debts Provision Rent, Rates and Taxes 150 90,000 50,000 13,600 20,000 1,500 2,400 1,050 20,000 4,000 Advertisements Cash in hand Cash at bank 1,800 12,000 5,08,150 5,08,150
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:46 46 20:12
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Mahi Macha
30 minutes ago
pem
You are asked to prepare the final accounts for the year ended 31 March
2005 and the Balance Sheet as on that date. The following adjustments are
required.
1. Closing Stock Rs. 70,000
2. Depreciation of Plant at,12%
3.
Bad Debts Provision to be adjusted to Rs. 1,000
4.
Interest on Capital to be allowed at 10% per annum
5.
5% of the profit is to be carried to Reserve Fund.
O O 1
Transcribed Image Text:46 46 20:12
O vo! 1.60 70%
Mahi Macha
30 minutes ago
06 On 31st March 2005 the following trial balance was extracted from the
books of Ms. Nicolette :
Particulars
Debit
Credit
Rs.
Rs.
Capital Account
Plant and Machinery
1,00,000
1,60,000
Sales
Purchases
Returns
3,54,000
1,20,000
2,000
60,000
1,500
Opening stock (1-4-2004)
Discount
Bank charges
Sundry Debtors
Sundry Creditors
Salaries
1,600
700
150
90,000
50,000
13,600
20,000
1,500
2,400
Manufacturing Wages
Carriage Inwards
Carriage Outwards
Bad Debts Provision
Rent, Rates and Taxes
Advertisements
Cash in hand
1,050
20,000
4,000
1,800
12,000
Cash at bank
5,08,150
5.08.150
O O 1
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