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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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