Question

TXD Manufacturing Ltd.
Following information has been extracted from the books of TXD Manufacturing Ltd. for the year ended 30th June 2017:
Accounts	Amount £	Amount £
	Dr.	Cr.
Furniture	6250
Loose tools	640
Buildings	7500
Share Capital		12500
Bad debts	125
Provision for bad debts		200
Sundry debtor	3800
Sundry creditors		2500
Stock 01-07-2016	3460
Purchases	5475
Sales		15450
Bank overdraft		2850
Sale returns	200
Purchases returns		125
Advertising	450
Interest	118
Commission		375
Cash in hand	650
Insurance	1250
General expenses	782
Salaries	3300
	34000	34000
The following adjustments are to be made:
(i) Stock in hand on 30-06-2017 was £ 3,250
(ii) Depreciate building at 5% and furniture at 10%
(ii) Outstanding salaries as at 30-06-2017 are £ 300
(iv) Interest payable as at 360-06-2017 is £ 75
(v) Insurance amounting to £ 100 is prepaid
(vi) Write off a further £ 100 as bad debts and provision for bad debts is to be made equal to 5% on sundry debtors.
Required:
Prepare Trial balance, Trading and Profit & Loss account and Balance Sheet as at 30-06-2017

Answer 1

Trial Balance Credit Particulars Forniture Debit 5625 loose tools 640 Buildings 7125 19500 06 210 Share Capital Bad debts Provision for 185 s doubtful debts 2570 Sunday debtors 3700 3250 216 5475 15450 2850 200 125 Stock stock change Puschases sales Bank of Sales returns Purchase returns Advertising Interest expense commission cash-in hand Insurance General expenses salaries 450 193 375 na 495 1350 782 3600 1000 360 Depreciation expense outstanding salary 34085 34285 Shot on realme 1

http://www.stevedenning.com interesting thing here is the August 1, 2005 evedenning.com/Conferences/Smiths the risky bet Dove is making," in Seth Stevenson, W 3 Fortune magazin une magazine, September 18, 2006. Seth Stevenson, "When Tush Comes to Dove Income statement Income operating Revenue 15950 375 15625 El 5350 Commission Total Revenue Expenses Cost of Croods sold Salaries General Expenses Pusurances Advertising Bad debts Depreciation EBIT 3600 ON 782 1350 450 210 1000 12742 2883 193 2690 Interest Exp PAT Shot on realme 1

640 8700 Balance sheet Assets Current Assets Cash I loose tools God Sundry debtors Less: provision for I doubtful debts stock Stocke dreven Non-Current Assets Furniture Buildings 3515 3250 5625 125 liablitties Sundry Creditors Bank overdraft Outstanding Salaries Total liabilities Reseo 9500 9850 300 5650 Share Capital 12500 18150 Dotal Equity + Liabilities Shot on realme 1