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9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following...
Accounting Question Prepare trading and profit and loss account for the year ended on 31 March...
Accounting Question
Prepare trading and profit and loss account for the year ended
on 31 March 2015
Particulars Credit ₹ 1,97,560 1,000 Debit ₹ 1,080 5,260 81,350 1,360 20,960 9,460 6,400 4,080 11,520 60,000 20,000 40,000 30,000 15,000 6,000 1,200 10,490 29,000 3,53,160 Cash in hand Cash at bank Purchases/Sales Returns Wages Fuel and Power Carriage on Sales Carriage on Purchases Stock (1.4.2011) Building Freehold land Machinery Salaries Patents General Expenses Insurance Drawings/Capital Sundry Debtors/Creditors 다 1,42,000 12,600 3,53,160
Prepare Trading, Profit & loss a/c and Balance sheet from the following Trial balance
Adjustments:
i) Stock on hand on 31-12-2016 Rs.90,000
ii) Provide depreciation on Premises at 2.5%; Plant & Machinery at 7.5% and
Furniture at 10%
iii) Write off Rs.800 as further bad debts
iv) Provide for doubtful debts at 5% on sundry debtors
v) Outstanding rent wasRs.500 and outstanding wages Rs.400
vi) Prepaid insurance Rs.300 and prepaid salaries Rs.700
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...
Calculate a trading and loss account PLEASE TURN OVER Hows Question 20 20 Marks The trial...
Calculate a trading and loss account
PLEASE TURN OVER Hows Question 20 20 Marks The trial balance extracted from the books of Tailor Times Ltd at 31 December 2003 was as Follows: Share capital 200,000 27.500 Profit and loss account 31 December 2002 Freehold premises at cost Provision for depreciation on freehold premises at 31 December 2002 $4,000 Machinery at cost (84,000 Provision for depreciation on machinery account as at 31 December 2002 21,000 Purchases 563,700 Sales 925,300 General expenses...
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...
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 analysis of the cash transactions for the year was gathered from the incomplete records...
The following analysis of the cash transactions for the year was gathered from the incomplete records of N. Carroll, a merchant: Receipts: Received from Sundry debtors Additional investment of capital 300 000 45 000 Payments: Payments to Sundry creditors General expenses Wages Drawings 185 000 50 000 77 500 95 000 1 Jan. 31 Dec. Balances: Bank overdraft Debtors Creditors Stock Plant and machinery Furniture and fittings. 37 000 265 000 75 000 85 000 100 000 7 000 440...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo is a sole trader. On December 31, 2015 the following Trial Balance was extracted from his books: Trial Balance as at December 31, 2015 Details Premises DR CR Plant and Machinery 8,000,000 Office Furniture 6,500,000 Provision for Depreciation: Plant and Machinery 1,500,000 - Provision for Depreciation office furniture 3,500,000 Stock at 1.1.2015 1,000,000 600,000 Debtors 550,000 Creditors 270,000 Purchases 4,700,000 Carriage Inwards M 120,000...
please it's urgent OR The balance sheet of ABCLtd. as on 31 March 201 was as...
please it's urgent
OR The balance sheet of ABCLtd. as on 31 March 201 was as follows: Liabilities Amount(Rs.) Asset Amount(Rs.) 4000 equity shares 4,00,000 Goodwill 15000 of Rs 100 each fully paid 2000 5% preference 2,00,000 Freehold Asset 2,00,000 shares of Rs. 100 Premises each fully paid 6% Debentures 1,00,000 Plant and Machinery 3,00,000 Bank Overdraft 35,000 Stock in Trade 50.000 Sundry creditors 1,00,000 Sundry Debtors 40,000 Cash in Hand 5000 Profit and Loss A/C 2.25.000 Total 835000 Total...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
Accounting Question
Prepare trading and profit and loss account for the year ended
on 31 March 2015
Particulars Credit ₹ 1,97,560 1,000 Debit ₹ 1,080 5,260 81,350 1,360 20,960 9,460 6,400 4,080 11,520 60,000 20,000 40,000 30,000 15,000 6,000 1,200 10,490 29,000 3,53,160 Cash in hand Cash at bank Purchases/Sales Returns Wages Fuel and Power Carriage on Sales Carriage on Purchases Stock (1.4.2011) Building Freehold land Machinery Salaries Patents General Expenses Insurance Drawings/Capital Sundry Debtors/Creditors 다 1,42,000 12,600 3,53,160
Calculate a trading and loss account
PLEASE TURN OVER Hows Question 20 20 Marks The trial balance extracted from the books of Tailor Times Ltd at 31 December 2003 was as Follows: Share capital 200,000 27.500 Profit and loss account 31 December 2002 Freehold premises at cost Provision for depreciation on freehold premises at 31 December 2002 $4,000 Machinery at cost (84,000 Provision for depreciation on machinery account as at 31 December 2002 21,000 Purchases 563,700 Sales 925,300 General expenses...
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...
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 analysis of the cash transactions for the year was gathered from the incomplete records of N. Carroll, a merchant: Receipts: Received from Sundry debtors Additional investment of capital 300 000 45 000 Payments: Payments to Sundry creditors General expenses Wages Drawings 185 000 50 000 77 500 95 000 1 Jan. 31 Dec. Balances: Bank overdraft Debtors Creditors Stock Plant and machinery Furniture and fittings. 37 000 265 000 75 000 85 000 100 000 7 000 440...
Quote L ABCD AABBCCD AABAC Intense ... Subtle Ref... Intense R.. Book Tim Styles Jake Colombo is a sole trader. On December 31, 2015 the following Trial Balance was extracted from his books: Trial Balance as at December 31, 2015 Details Premises DR CR Plant and Machinery 8,000,000 Office Furniture 6,500,000 Provision for Depreciation: Plant and Machinery 1,500,000 - Provision for Depreciation office furniture 3,500,000 Stock at 1.1.2015 1,000,000 600,000 Debtors 550,000 Creditors 270,000 Purchases 4,700,000 Carriage Inwards M 120,000...
please it's urgent
OR The balance sheet of ABCLtd. as on 31 March 201 was as follows: Liabilities Amount(Rs.) Asset Amount(Rs.) 4000 equity shares 4,00,000 Goodwill 15000 of Rs 100 each fully paid 2000 5% preference 2,00,000 Freehold Asset 2,00,000 shares of Rs. 100 Premises each fully paid 6% Debentures 1,00,000 Plant and Machinery 3,00,000 Bank Overdraft 35,000 Stock in Trade 50.000 Sundry creditors 1,00,000 Sundry Debtors 40,000 Cash in Hand 5000 Profit and Loss A/C 2.25.000 Total 835000 Total...
1. Paul and Kevin are in partnership sharing profits and losses equally. The following is their trial balance as at 31" December 2018. Dr Sh. 55,000 16.000 80.900 8,300 21,243 16,150 5,677 46,979 128,650 90,416 6,288 5,115 129,100 Buildings(cost sh.30.000) Fixtures at cost Freehold Land Provision for depreciation on fixtures Debtors Creditors Cash at bank Stock Sales Purchases Carriage outwards Discount allowed Loan Office expenses Salaries Bad debts Provision for bad debts Loan interest Capital accounts: Paul Kevin Current accounts:...
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