23. Following is the Trial Balance as on 31st March 2016. Prepare Trading and Profit and Loss Account and Balance Sheet:
| Particulars | Debit (Rs.) |
Credit (Rs.) |
|---|---|---|
| Stock (1st April 2015) Sales Purchases Productive Wages Salaries Stores Consumed Carriage Rent and Rates Insurance Machinery Building Capital less Drawings Sundry Debtors Sundry Creditors |
8,000 1,26,000 56,500 16,000 6,050 3,050 5,200 1,320 52,000 67,000 44,000 |
2,20,000 1,45,600 20,000 |
| Particulars | Debit (Rs.) |
Credit (Rs.) |
| Secured Loan Furniture General Expenses Cash in hand Bad Debts Bank |
3,350 2,600 1,930 1,020 6,580 |
15,000 |
| 4,00,600 | 4,00,600 |
Additional Information:
- Stock on 31st March 2016 is Rs. 20,600.
- Depreciate machinery @ 10% р.а.
- Make a Provision @ 5% for Doubtful Debts.
- Provide 2 ½ % for discount on sundry debtors.
- Rent and Rates include security deposit of Rs. 400.
- Insurance prepaid Rs.120.
D.K.Goel/2024 Edition/Practical Questions/Q-23
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company
Answer :