Accounting Question
Prepare trading and profit and loss account for the year ended on 31 March 2015
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Accounting Question
Prepare trading and profit and loss account for the year ended
on 31 March...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000 Sales 96,170 Purchases 68,250 Loans 60,000 Carriage 600 Discount 850 Wages 12,000 Commission 680 Power 1,800 Sundry creditors 6,000 Furniture & fixtures 4.000 Capital 30,000 Investments 250 6,000 Provision for Depreciation Freehold premises 15,000 Traveling expenses 900 Debtors 1,000 Interest 400 Bill receivable 1,800 Tools 7,000 Plant & machinery 30,000 Bad debts 200 Drawings 3,000...
98.766 900 8250 6300 9.000 Stock on 31st March, 2019 bad debts at 10% on debtors,...
98.766 900 8250 6300 9.000 Stock on 31st March, 2019 bad debts at 10% on debtors, outstanding wages 27. The following are the balances of M/s Gupta & Co. as on 31st March, 2018 Dr. 540 Sales Cash in hand 2,630 Returns outwards Cash at bank Purchases account 40,675 Capital account Retums inwards 680 Sundry creditors Wages account 8,480 Rent Fuel and power 4,730 Carriage on sales 3,200 Carriage on purchases 2,040 Stock (1.4.2017) 5,760 Buildings account 32,000 Freehold land...
1) Prepare the statement profit or loss for the year ended 31 December 2018 2)Prepare the...
1) Prepare the statement profit or loss for the year
ended 31 December 2018
2)Prepare the financial position as that date.
The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
From the following information in Trial balance prepare Trading, Profit and Loss Account and Balance Sheet...
From the following information in Trial balance prepare Trading, Profit and Loss Account and Balance Sheet of the company as on 31st December 2020. Particulars Dr. Amount (Dhs) Cr. Amount (Dhs) Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in Hand Salaries Rent Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 200,000 50,000 90,000 65,000 35,000 30,000 20,000 50,000 15,000 100,000 65,000 50,000 170,000 300,000 10,000 310,000 20,000 145,000 155,000...
Prepare Trading , Profit And loss and Balance Sheet Particulars Dr. Amount (Dhs) Cr. Amount (Dhs)...
Prepare Trading , Profit And loss and Balance Sheet
Particulars Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Capital 200,000 Purchases Purchase Returns 10,000 310,000 Sales Sales Retums Opening Stock Cash in Hand 50,000 90,000 65,000 35,000 30,000 Salaries Rent 20,000 20,000 50,000 15,000 Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 145,000 100,000 65,000 50,000 170,000 155,000 940,000 940,000 • Closing Stock is 320,000 dhs
The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2005:
Cash book summaryOpening balanceCash salesInterestAdditional capital introducedRental of premisesTrade creditors (all for purchases)Telephone and postageTrade debtors (all in respect of sales)Office furniture (purchased 1 July 2005)Carriage inwardsDrawingsPrinting and stationerySalaries (Office)InsuranceClosing balancesR36 28089025 00077 470R13 6004702 22048 8752 1602 9004 98016 67545014 8003 84028 670139 640139 640Extracts from ledger balancesOpening balancesClosing balances(01/01/2005)(31/12/2005)Trade debtorsTrade creditorsCapital account Sandy DandyStockAccrualsTelephoneRentCarriage inwardsPrepaymentRentInsuranceOffice furniture and equipmentOffice furniture and equipmentAccumulated depreciationR9 6808 1901 8009 8001104901801 7306 2303 430R10 9309 7707 2452201902 220Additional information Office furniture and...
The following extracts were made from the books and records of Sandy Dandy for the year ended 31 December 2005: 1. Cash book summary
Opening balanceCash salesInterestAdditional capital introducedRental of premisesTrade creditors (all for purchases)Telephone and postageTrade debtors (all in respect of sales)Office furniture (purchased 1 July 2005)Carriage inwardsDrawingsPrinting and stationerySalaries (Office)InsuranceClosing balancesR36 28089025 00077 470R13 6004702 22048 8752 1602 9004 98016 67545014 8003 84028 670139 640139 640Extracts from ledger balancesOpening balancesClosing balances(01/01/2005)(31/12/2005)Trade debtorsTrade creditorsCapital account Sandy DandyStockAccrualsTelephoneRentCarriage inwardsPrepaymentRentInsuranceOffice furniture and equipmentOffice furniture and equipmentAccumulated depreciationR9 6808 1901 8009 8001104901801 7306 2303 430R10 9309 7707 2452201902 220Additional information Office furniture and equipment is...
9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000 Sales 96,170 Purchases 68,250 Loans 60,000 Carriage 600 Discount 850 Wages 12,000 Commission 680 Power 1,800 Sundry creditors 6,000 Furniture & fixtures 4.000 Capital 30,000 Investments 250 6,000 Provision for Depreciation Freehold premises 15,000 Traveling expenses 900 Debtors 1,000 Interest 400 Bill receivable 1,800 Tools 7,000 Plant & machinery 30,000 Bad debts 200 Drawings 3,000...
98.766 900 8250 6300 9.000 Stock on 31st March, 2019 bad debts at 10% on debtors, outstanding wages 27. The following are the balances of M/s Gupta & Co. as on 31st March, 2018 Dr. 540 Sales Cash in hand 2,630 Returns outwards Cash at bank Purchases account 40,675 Capital account Retums inwards 680 Sundry creditors Wages account 8,480 Rent Fuel and power 4,730 Carriage on sales 3,200 Carriage on purchases 2,040 Stock (1.4.2017) 5,760 Buildings account 32,000 Freehold land...
1) Prepare the statement profit or loss for the year
ended 31 December 2018
2)Prepare the financial position as that date.
The following is the trial balance of DRS Trading as at 31 al balance of DRS Trading as at 31 December 2018. Credit (RM) 16,500 34,000 246,290 DRS Trading Trial Balance as at 31 December 2018 Particulars Debit (RM) Cash at bank 18,750 Account Receivable 12,840 Inventory as at 1 January 2018 26,500 Motor vehicles 45,000 Freehold premises 215,000...
Prepare Trading , Profit And loss and Balance Sheet
Particulars Dr. Amount (Dhs) Cr. Amount (Dhs) 300,000 Capital 200,000 Purchases Purchase Returns 10,000 310,000 Sales Sales Retums Opening Stock Cash in Hand 50,000 90,000 65,000 35,000 30,000 Salaries Rent 20,000 20,000 50,000 15,000 Commission received Drawings Wages General Expenses Creditors Debtors Machinery Furniture Land and Building Bank Loan 145,000 100,000 65,000 50,000 170,000 155,000 940,000 940,000 • Closing Stock is 320,000 dhs
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