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(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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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
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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