(ii) The Balance sheet as at that date. Particulars Debit (Rs) Credit (Rs) 2,400 Cash in hand Purchases 240,000 70,000 100,000 120,000 30,000 40,000 20,000 32,000 37,600 Stock as at 1st January 2015 Debtors Plant and Machinery Furniture Bills receivable Rent and Taxes Wages Salaries 200,000 200 Capital 44,000 48,000 400,000 692,000 Bills payable Creditors Sales 692,000 Total Additional information. 1. Closing stock at 31st December 2015 - Rs 50,000 2. Outstanding wages 3. Depreciation on Plants and Machinery at 10% and Furniture at 5%. - Rs 5,000
(ii) The Balance sheet as at that date. Particulars Debit (Rs) Credit (Rs) 2,400 Cash in hand Purchases 240,000 70,000 100,000 120,000 30,000 40,000 20,000 32,000 37,600 Stock as at 1st January 2015 Debtors Plant and Machinery Furniture Bills receivable Rent and Taxes Wages Salaries 200,000 200 Capital 44,000 48,000 400,000 692,000 Bills payable Creditors Sales 692,000 Total Additional information. 1. Closing stock at 31st December 2015 - Rs 50,000 2. Outstanding wages 3. Depreciation on Plants and Machinery at 10% and Furniture at 5%. - Rs 5,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![(ii) The Balance sheet as at that date.
Particulars
Cash in hand
Debit (Rs) Credit (Rs)
2,400
240,000
70,000
100,000
120,000
30,000
40,000
20,000
32,000
37,600
Purchases
Stock as at 1st January 2015
Debtors
Plant and Machinery
Furniture
Bills receivable
Rent and Taxes
Wages
Salaries
200,000
200
Capital
44,000
48,000
400,000
692,000
Bills payable
Creditors
Sales
692,000
Total
Additional information.
1. Closing stock at 31s December 2015 - Rs 50,000
2. Outstanding wages
3. Depreciation on Plants and Machinery at 10% and Furniture at 5%.
- Rs 5,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F09f9054d-685d-4cbb-b602-9380427368e0%2F23de3bd6-a770-408b-8b2e-242c9ba690a4%2Fkl3bkvi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(ii) The Balance sheet as at that date.
Particulars
Cash in hand
Debit (Rs) Credit (Rs)
2,400
240,000
70,000
100,000
120,000
30,000
40,000
20,000
32,000
37,600
Purchases
Stock as at 1st January 2015
Debtors
Plant and Machinery
Furniture
Bills receivable
Rent and Taxes
Wages
Salaries
200,000
200
Capital
44,000
48,000
400,000
692,000
Bills payable
Creditors
Sales
692,000
Total
Additional information.
1. Closing stock at 31s December 2015 - Rs 50,000
2. Outstanding wages
3. Depreciation on Plants and Machinery at 10% and Furniture at 5%.
- Rs 5,000
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