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 |
|
940,000 |
940,000 |
- Closing Stock is 320,000 dhs
Homework Answers
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From the following information in Trial
balance prepare Trading, Profit and Loss Account and
Balance Sheet...
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
Q1. From the following information in Trial balance of the Mohammed LLC as on 31 December...
Q1. From the following information in Trial balance of the Mohammed LLC as on 31 December 2019, you are required to prepare: a. Profit and Loss Account b. Balance Sheet Associate of Science Degree in Bus Associate of Science Degree in Information Technology (MIT) Trial Balance for the year ended 31 December 2019 Dr.Amount Dhs) 180,000 Cr. Amount (Dhs) 240.000 15,000 325,000 35,000 80,000 35,000 40,000 35,000 40,000 Particulars Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in...
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...
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
1. From the following information you are required to p owing information you are required to...
1. From the following information you are required to p owing information you are required to prepare the Cash Flow Statement for the year ended 31st December 2020. (15 marks) Liabilities Share Capital 2019 (dhs) 241,000 2020 (dhs) 250,000 Profit Assets Land and Building 2019 (dhs) 191,000 2020 (dhs) 210,000 & Loss A/C 41,000 48,000 45,000 Machinery Loans 60,000 10,000 Creditors 25,000 Stock 30,000 17,000 40,000 Bills Payable Debtors 8,000 10,000 13,000 16,000 Bills Receivable 11,000 2,000 Cash 35,000 65,000...
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
The following trial balance was extracted from the books of G & E Production Company Ltd...
The following trial balance was extracted from the books of G
& E Production Company Ltd on 31 December 2018 and presented to
you the Financial Accountant:
Trial Balance
Details/Accounts
Dr $
Cr $
Purchases of direct raw materials
24,200,000
Stock of direct raw materials 1 January 2018
5,500,000
Wages paid to manufacture goods
12,000,000
Insurance
2,000,000
Electricity
1,450,000
Cash at bank
28,000,000
Accounts payable
3,500,000
Discounts
450,000
500,000
Return of direct raw materials
200,000
Cash in hand
600,000
Work-in-progress...
Calculate (i) debt-equity ratio and (ii) Liquid ratio iii) Turnover ratios from the following balance sheet...
Calculate (i) debt-equity ratio and (ii) Liquid ratio iii) Turnover ratios from the following balance sheet and additional information. Balance Sheet Liabilities Amount - £ Assets Amount - £ Equity shares of £ 10 each 100,000 Goodwill 60,000 Reserves 20,000 Fixed Assets at cost 140,000 Profit and loss account 30,000 Stock 30,000 Secured loan 80,000 Sundry debtors 30,000 Sundry Creditors 50,000 Advances 10,000 Provision for taxation 20,000 Cash 30,000 300,000 300,000 The sales for the year were £ 560,000 and...
The following is the trial balance of Jackie Chong Trading as at 31 March 2016: Particulars...
The following is the trial balance of Jackie Chong Trading as at 31 March 2016: Particulars RM RM Inventory in 1 April 2015 Purchases and sales Carriage outwards Return outwards Wages and salaries Rent paid Delivery expenses Discount allowed and received Insurance General expenses Premises Trade receivables and payables Furniture and fittings Cash at bank Cash in hand Drawings Capital 17,600 69,185 1,570 10,240 3,015 624 216 405 318 20,000 14,320 2,850 2,970 675 7,620 ______ 151,608 91,920 640 88...
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) 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
Q1. From the following information in Trial balance of the Mohammed LLC as on 31 December 2019, you are required to prepare: a. Profit and Loss Account b. Balance Sheet Associate of Science Degree in Bus Associate of Science Degree in Information Technology (MIT) Trial Balance for the year ended 31 December 2019 Dr.Amount Dhs) 180,000 Cr. Amount (Dhs) 240.000 15,000 325,000 35,000 80,000 35,000 40,000 35,000 40,000 Particulars Capital Purchases Purchase Returns Sales Sales Returns Opening Stock Cash in...
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...
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
1. From the following information you are required to p owing information you are required to prepare the Cash Flow Statement for the year ended 31st December 2020. (15 marks) Liabilities Share Capital 2019 (dhs) 241,000 2020 (dhs) 250,000 Profit Assets Land and Building 2019 (dhs) 191,000 2020 (dhs) 210,000 & Loss A/C 41,000 48,000 45,000 Machinery Loans 60,000 10,000 Creditors 25,000 Stock 30,000 17,000 40,000 Bills Payable Debtors 8,000 10,000 13,000 16,000 Bills Receivable 11,000 2,000 Cash 35,000 65,000...
The following trial balance was extracted from the books of G
& E Production Company Ltd on 31 December 2018 and presented to
you the Financial Accountant:
Trial Balance
Details/Accounts
Dr $
Cr $
Purchases of direct raw materials
24,200,000
Stock of direct raw materials 1 January 2018
5,500,000
Wages paid to manufacture goods
12,000,000
Insurance
2,000,000
Electricity
1,450,000
Cash at bank
28,000,000
Accounts payable
3,500,000
Discounts
450,000
500,000
Return of direct raw materials
200,000
Cash in hand
600,000
Work-in-progress...
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...
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