Following balances are extracted from the books of City Light Supply Corporation as on 31st March, 2016 : $ Equity Shares Debentures Sundry Creditors on Open Accounts Depreciation Fund Capital Expenditure on 31-3-2015 Capital Expenditure during 2015-16 Sundry Debtors for Current Supplied Other Debtors Stores in Hand Cash in Hand 1,64,700 60,000 300 75,000 Cost of Generation of Electricity Cost of Distribution of Electricity Rent, Rates and Taxes Management Expenses Depreciation Interest on Debentures Interim Dividend Sale of Current Meter Rent Balance of Net Revenue Account as on 1st April, 2015 2,85,000 18,300 12,000 150 1,500 1,500 9,000 1,500 1,500 3,600 6,000 3,000 6,000 39,000 1,500 8,550 3,49,050 3,49,050 Prepare:- (a) Capital Account (b) Revenue Account (c) Net Revenue Account and (d) General Balance sheet from the above Trail Balance.
Following balances are extracted from the books of City Light Supply Corporation as on 31st March, 2016 : $ Equity Shares Debentures Sundry Creditors on Open Accounts Depreciation Fund Capital Expenditure on 31-3-2015 Capital Expenditure during 2015-16 Sundry Debtors for Current Supplied Other Debtors Stores in Hand Cash in Hand 1,64,700 60,000 300 75,000 Cost of Generation of Electricity Cost of Distribution of Electricity Rent, Rates and Taxes Management Expenses Depreciation Interest on Debentures Interim Dividend Sale of Current Meter Rent Balance of Net Revenue Account as on 1st April, 2015 2,85,000 18,300 12,000 150 1,500 1,500 9,000 1,500 1,500 3,600 6,000 3,000 6,000 39,000 1,500 8,550 3,49,050 3,49,050 Prepare:- (a) Capital Account (b) Revenue Account (c) Net Revenue Account and (d) General Balance sheet from the above Trail Balance.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Following balances are extracted from the books of City Light Supply Corporation
$
as on 31st March, 2016 :
$
Equity Shares
Debentures
Sundry Creditors on Open Accounts
Depreciation Fund
Capital Expenditure on 31-3-2015
Capital Expenditure during 2015-16
Sundry Debtors for Current Supplied
Other Debtors
Stores in Hand
Cash in Hand
Cost of Generation of Electricity
Cost of Distribution of Electricity
Rent, Rates and Taxes
Management Expenses
Depreciation
Interest on Debentures
Interim Dividend
Sale of Current
Meter Rent
Balance of Net Revenue Account as on 1st April, 2015
1,64,700
60,000
300
75,000
2,85,000
18,300
12,000
150
1,500
1,500
9,000
1,500
1,500
3,600
6,000
3,000
6,000
39,000
1,500
8,550
3,49,050
3,49,050
Prepare:-
(a) Capital Account
(b) Revenue Account
(c) Net Revenue Account and
(d) General Balance sheet from the above Trail Balance.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F07c6f924-5c98-4882-8467-6755b903f8bc%2F94889aac-cc9a-42fa-916f-7edc9aff1dc2%2Fjl4ic6q_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Following balances are extracted from the books of City Light Supply Corporation
$
as on 31st March, 2016 :
$
Equity Shares
Debentures
Sundry Creditors on Open Accounts
Depreciation Fund
Capital Expenditure on 31-3-2015
Capital Expenditure during 2015-16
Sundry Debtors for Current Supplied
Other Debtors
Stores in Hand
Cash in Hand
Cost of Generation of Electricity
Cost of Distribution of Electricity
Rent, Rates and Taxes
Management Expenses
Depreciation
Interest on Debentures
Interim Dividend
Sale of Current
Meter Rent
Balance of Net Revenue Account as on 1st April, 2015
1,64,700
60,000
300
75,000
2,85,000
18,300
12,000
150
1,500
1,500
9,000
1,500
1,500
3,600
6,000
3,000
6,000
39,000
1,500
8,550
3,49,050
3,49,050
Prepare:-
(a) Capital Account
(b) Revenue Account
(c) Net Revenue Account and
(d) General Balance sheet from the above Trail Balance.
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