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प्रश्न
Prepare trading and profit and loss account and balance sheet in the books of Deri, a trader, from the following balances as of March 31, 2018.
| Particulars | ₹ | Particulars | ₹ |
| Stock | 10,000 | Sales | 1,22,500 |
| Cash | 2,500 | Creditors | 5,000 |
| Bank | 5,000 | Bills payable | 2,000 |
| Freight inwards | 750 | Capital | 52,000 |
| Purchases | 95,000 | ||
| Drawings | 4,500 | ||
| Wages | 27,500 | ||
| Machinery | 50,000 | ||
| Debtors | 13,500 | ||
| Postage (office) | 150 | ||
| Sundry expenses | 850 | ||
| Rent paid | 2,500 | ||
| Furniture | 17,250 | ||
| 2,29,500 | 2,29,500 |
Closing stock (31st March, 2018) ₹ 8,000.
उत्तर
Trading and Profit & Loss a/c of
Deri for the year
ended 31st March 2018
| Dr. | Cr. | |||
| Particulars | ₹ | Particulars | ₹ | |
| To Opening stock | 10,000 | By Sales | 1,22,500 | |
| To Purchases | 95,000 | By Closing stock | 8,000 | |
| To Wages | 27,500 | By Gross loss c/d | 2,750 | |
| To Freight inwards | 750 | |||
| 1,33,250 | 1,33,250 | |||
| To Gross loss b/d | 2,750 | By Net loss c/d | 6,250 | |
| To Postage (office) | 150 | |||
| To Sundry expenses | 850 | |||
| To Rent | 2,500 | |||
| 6,250 | 6,250 | |||
Balance Sheet of Deri
as of 31st March 2018
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital | 1,00,000 | 54,400 | Cash | 2,500 |
| Less: Net Loss | 6,250 | Bank | 5,000 | |
| 93,750 | Machinery | 50,000 | ||
| Less: Drawings | 4,500 | Debtors | 13,500 | |
| Creditors | 5,000 | Furniture | 17,250 | |
| Bills Payable | 2,000 | Closing stock | 8,000 | |
| 96,250 | 96,250 |
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संबंधित प्रश्न
Give a word, term, or phrase which can substitute the following statement:
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Select the most appropriate alternatives given below and rewrite the sentence :
Outstanding expenses are shown on the ____________ side of Balance Sheet.
Balance sheet shows the ______ of the business.
“Balance sheet is not an account” – Explain.
From the following particulars, prepare balance sheet in the books of Bragathish as on 31st December, 2017:
| Particulars | ₹ | Particulars | ₹ |
| Capital | 80,000 | Cash in hand | 20,000 |
| Debtors | 12,800 | Net profit | 4,800 |
| Drawings | 8,800 | Plant | 43,200 |
Prepare trading and profit and loss account in the books of Ramasundari for the year ended 31st December, 2017 and balance sheet as on that date from the following information:
| Particulars | ₹ | Particulars | ₹ |
| Opening stock | 2,500 | Sales | 7,000 |
| Wages | 2,700 | Purchases | 3,300 |
| Closing Stock | 4,000 | Salary | 2,600 |
| Discount received | 2,500 | Capital | 52,000 |
| Machinery | 52,000 | Cash at Bank | 6,400 |
| Creditors | 8,000 |
Chennai tennis club had a Match fund showing a credit balance of ₹ 24,000 on 1st April, 2018. The receipt to the fund during the year was ₹ 26,000. Match expenses incurred during the year was ₹ 33,000. How these items will appear in the final accounts of the club for the year ended 31st March, 2019?
How will the following appear in the final accounts of Karaikudi sports club for the year ending 31st March, 2019?
| Particulars | ₹ |
| Tournament fund on 1st April 2018 | 90,000 |
| Tournament fund investment on 1st April 2018 | 90,000 |
| Interest received on tournament fund investment | 9,000 |
| Donation to tournament fund | 10,000 |
| Tournament expenses | 60,000 |
Mr. Pramod borrowed a Loan from the State Bank of India ₹ 3,50,000 on 1st Oct. 2018 at the rate of interest of 12% p.a. Calculate the Interest on a bank loan for the year 2018-19, assuming that the financial year-end on 31st March every year.
Calculate the amount of gross profit and operating profit on the basis of the following balances extracted from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
| ₹ | |
| Opening stock | 50,000 |
| Net sales | 11,00,000 |
| Net purchases | 6,00,000 |
| Direct expenses | 45,000 |
| Administration expenses | 45,000 |
| Selling and distribution expenses | 65,000 |
| Loss due to fire | 20,000 |
| Closing stock | 70,000 |
