1. Prepare a trading and profit and loss account for the year ending March 31, 2017. from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet at the end of the year.  Account Title Amount ₹ Account Title Amount ₹ Stock 50,000 Sales 1,80,000 Wages 3,000 Purchases...

2. Prepare a trading and profit and loss account of M/s Green Club Ltd. for the year ending March 31, 2017. from the following figures taken from his trial balance:  Account Title Amount ₹ Account Title Amount ₹ Opening stock 35,000 Sales 2,50,000 Purchases 1,25,000 Purchase return 6,000 Return inwards...

3. The following balances has been extracted from the trial of M/s Runway Shine Ltd.  Prepare a trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Purchases 1,50,000 Sales 2,50,000 Opening stock 50,000 Return outwards 4,500...

4. From the following Trial Balance you are required to prepare trading and profit and loss account for the year ending March 31, 2017 and Balance Sheet on that date. Account Title Amount ₹ Account Title Amount ₹ Opening stock 25,000 Sales 7,00,000 Furniture 16,000 Creditors 72,500 Purchases 5,55,300 Bank...

5. From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Drawings 20,000 Capital 2,00,000 Sundry debtors 80,000 Return outwards 2,000 Bad debts 1,000 Bank overdraft 12,000 Trade Expenses...

6. Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd. from the following particulars. Account Title Amount ₹ Account Title Amount ₹ Sundry debtors 1,00,000 Bills payable 85,550 Bad debts 3,000 Sundry creditors 25,000 Trade expense s 2,500 Provision for bad debts 1,500...

7. Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017. Account Title Amount ₹ Account Title Amount ₹ Opening stock 2,26,000 Sales 6,80,000 Purchases...

8. From the following balances extracted from the books of Raga Ltd. prepare a trading and profit and loss account for the year ended March 31, 2017 and a balance sheet as on that date. Account Title Amount ₹ Account Title Amount ₹ Drawings 20,000 Sales 2,20,000 Land and Building...

9. From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date. Account Title DebitAmount ₹ Account Title CreditAmount ₹ Sundry debtors 9,600 Sundry creditors 2,500 Opening stock 22,800 Sales 72,670 Purchases...

10. The following balances have been extracted from the books of M/s Green House for the year ended March 31, 2017, prepare trading and profit and loss account and balance sheet as on this date. Account Title Amount ₹ Account Title Amount ₹ Purchases 80,000 Capital 2,10,000 Bank balance 11,000...

11. From the following balances extracted from the book of M/s Manju Chawla on March 31, 2017. You are requested to prepare the trading and profit and loss account and a balance sheet as on this date. Account Title Amount ₹ Amount ₹ 1 Opening stock 10,000 2 Purchases and...

12. The following balances were extracted from the books of M/s Panchsheel Garments on March 31, 2017. Account Title Debit Amount ₹ Account Title Credit Amount ₹ Opening stock 16,000 Sales 1,12,000 Purchases 67,600 Return outwards 3,200 Return Inwards 4,600 Discount 1,400 Carriage inwards 1,400 Bank overdraft 10,000 General expenses...

13. Prepare the trading and profit and loss account and balance sheet of M/s Control Device India on  March 31, 2017 from the following balance as on that date. Account Title Debit Amount ₹ Credit Amount ₹ Drawings and Capital 19,530 67,500 Purchase and Sales 45,000 1,12,500 Salary and Commission...

14. The following balances appeared in the trial balance of M/s Kapil Traders as on March 31, 2017   ₹ Sundry debtors 30,500 Bad debts 500 Provision for doubtful debts  2,000   The partners of the firm agreed to records the following adjustments in the books of the Firm: Further...

15. Prepare the bad debts account, provision for account, profit and loss account and balance sheet from the following information as on March 31, 2017     ₹ Debtors 80,000 Bad debts 2,000 Provision for doubtful debts  5,000   Adjustments: Bad debts ₹500 Provision on debtors @ 3%. NCERT/Rationalised 2023-24/Numerical...