Prepaired the Trading Account from the following

Opening Stock Purchase Carriage Inward Wages Return Outwards Power Octroi Freight Sales Sales Return 40000 180000 4000 42000 7000 6000 11000 8000 320000 10000

TRADING ACCOUNT
Debit Particular Opening Stock Purchase Carriage Inward Wages Sales Return Power Octroi Freight Gross Profit c/b Rs Particular 40000 Sales 180000 Return Outwards 4000 42000 10000 Closing stock 6000 11000 8000 86000 387000 Credit Rs 320000 7000

60000

387000

Gross Profit c/b Page No. 11

86000

Particulars
Capital Building Drawing Furniture Motor Car Interest Paid for Loan Loan from Ashok @ 12% Purchases and Sales Opening Stock Establishment Ex. Wages Insurance Commission Debtors and Creditors

Dr.
15000 18000 7500 25000 900 75000 25000 15000 2000 1000 28100

Cr.
100000

15000 100000

7500 10000

Bank Balance

20000 232500

232500

M/s Sanyam & Co.

Trading & Profit & Loss Account
For the year ending on 31st March 2006 Debit Particular Opening Balance Purchase Purchase Return Wages Gross Profit Rs 75000 0 75000 Particular 25000 Sales Sales Return 75000 Closing Stock 2000 30000 132000

Salary A/c Outstanding 0 Discount Allowed Insurance a/c Printing & Stationary Advertisement Bad Debt Rent Motor Car Interest on Loan Stablish Expences Depreation 10% on P & M Write Off 20% on Furn. 0 Net Profit

by Gross Profit Commission A/c 0 Loan A/c (Ashok) @ 12% Write Off. 1000 Bad Debt Recover

25000 900 15000

0 10600 52500

M/s Sanyam & Co.

BALANCE SHEET AS ON DATED 31ST MARCH 2006 Liabilities Capital Net Profit Drawing 100000 10600 -18000 Rs. Assets Plant & Machinery Depriation

92600 Shyam & Brothers (Cr.) Write Off 0 Outstanding Salary Sundry Creditor Prepaid insurance amt.

92600 Furniture Write Off 0 Bank Account Cash In Hand 10000 Sundry Debtor Closing Stock 102600

Page No. 24

Particulars
Manufacturing Expences Factory Lighting Electricity Freight on Purchase Sales a/c Sales Return Purchases Opening Stock Purchase Return Wages

Dr.
9500 950 1280 1860

Cr.

250850 3100 102000 34200 1740 34500 187390 252590

M/s Sanyam & Co.

Trading & Profit & Loss Account
For the year ending on 31st March 2006 Debit Particular Opening Balance Purchase Purchase Return Wages Factory Lighting Manufacturing Exp. Freight on Purchase Gross Profit Rs 102000 1740 100260 Particular 34200 Sales Sales Return 100260 Closing Stock 34500 950 9500 1860 78790 247750

Salary A/c Outstanding 0

by Gross Profit Commission A/c 0 Loan A/c (Ashok) @ 12%

Discount Allowed Insurance a/c Printing & Stationary Advertisement Bad Debt Rent Motor Car Interest on Loan Stablish Expences Depreation 10% on P & M Write Off 20% on Furn. 0 Net Profit 0 78790 78790

Write Off. Bad Debt Recover

M/s Sanyam & Co.

BALANCE SHEET AS ON DATED 31ST MARCH 2006 Liabilities Capital Net Profit Drawing Shyam & Brothers (Cr.) Write Off 0 Outstanding Salary Sundry Creditor Prepaid insurance amt. Rs. 78790 78790 Assets Plant & Machinery Depriation 78790 Furniture Write Off 0 Bank Account Cash In Hand Sundry Debtor Closing Stock 78790

o.
Credit Rs 100000 100000 100000 32000

ccount

rch 2006

132000

an A/c (Ashok) @ 12%

30000 7500 15000

52500

o.
Rs. 15000 0 15000

T MARCH 2006

15000

7500 0 7500

7500 20000 28100 32000 102600

o.
Credit Rs 250850 3100 247750

ccount

rch 2006

247750

247750

78790

an A/c (Ashok) @ 12%

78790

o.
Rs. 0 0 0 0

T MARCH 2006

0 0

MCS-036 M/s Sanyam & Co.

Trading & Profit & Loss Account
For the year ending on 31st March 2006 Debit Particular Opening Balance Purchase Purchase Return Rs Particular 4000 Sales Sales Return 2750 Closing Stock 16250 23000 15000 0 15000 Credit Rs

2750 0 2750

15000 8000

Gross Profit

23000

Salary A/c Outstanding Discount Allowed Taxes Printing & Stationary Advertisement Bad Debt Rent Repair Account Interest on Capital Prepaid insurance amt. Depreation 10% on P & M Write Off 20% on Furn. Net Profit

300 200 500

by Gross Profit Discount Received 500 Loan & Investement 50 Write Off. 100 Bad Debt Recover 50 100 500 150 100 1125 50

16250 45 2000 400 150

1000 180 1180

1180 14940 18845

18845

M/s Sanyam & Co.

BALANCE SHEET AS ON DATED 31ST MARCH 2006 Liabilities Capital Net Profit Interest 6% p.a Shyam & Brothers (Cr.) Rs. 18750 14940 1125 34815 2000 Assets Plant & Machinery Depriation Rs. 10000 -1000 9000 900 -180

9000

34815 Furniture Write Off

Write Off Outstanding Salary Prepaid insurance amt.

-400 1600

720 1600 Bank Account 200 Cash In Hand 50 Closing Stock 36665

720 17425 1520 8000 36665

MCS-035

TRIAL BALANCE
Rama Nand Sagar
Dr. Balances Opening Stock Purchase Sales Return Carriage Inward Carriage Outward Wages Salary Plant & Machinery Furniture Sundry Debtors Bill Receivable Cash In Hand Travelling Expences Lighting Rent & Taxes General Expences Insurance Drawing Rs 20000 80000 6000 3600 800 42000 27500 90000 8000 52000 2500 6300 3700 1400 7200 10500 1500 18000 381000 Cr. Balances Rs Sales Purchase Return Discount Received Sundry Creditors Bills Payable Capital 270000 4000 5200 25000 1800 75000

381000

Adjustments:(1) Stock on 31st December, 2011 was valued at Rs. 24,000 (Market Value Rs. 30,000). (2) Wages outstanding for December, 2011 amounted to Rs. 3,000. (3) Salaries outstanding for December, 2011 amounted to Rs. 2,500. (4) Prepaid insurance amounted to Rs. 300. (5) Provide depreciation on Plant and Machinery at 5% and on Furniture at 20%.

M/s Rama Nand Sagar

Trading & Profit & Loss Account
For the year ending on 31st December 2011 Debit Particular Opening Balance Purchase Rs Particular 20000 Sales Sales Return 270000 6000 Credit Rs

80000

Purchase Return Carriage Inward Wages Outstanding Lighting Carriage Outward (Freight) Gross Profit

4000 76000 42000 3000 45000

264000 76000 3600 Closing Stock

264000 24000

45000 1400 800 141200 288000

288000

Salary A/c Outstanding Travelling Expences Rent & Taxes General Expences Depreation 5% on P & M Depreation 20% on Furn. Insurance Prepaid insurance amt. Net Profit

27500 2500 30000

by Gross Profit Discount Received 30000 3700 7200 10500

141200 5200

4500 1600 6100 1500 300 1800

6100

1800 87100 146400

146400

M/s Rama Nand Sagar

BALANCE SHEET AS ON DATED 31ST DECEMBER 2011 Liabilities Capital Net Profit Drawing Bills Payable Sundry Creditors Outstanding Wages Outstanding Salary Prepaid insurance amt. Rs. 75000 87100 -18000 144100 Assets Plant & Machinery Depriation Furniture Depriation Bill Receivable Sundry Debtors Cash In Hand Stock Rs. 90000 -4500 85500 8000 -1600 6400

85500

144100 1800 25000 3000 2500 300 176700

6400 2500 52000 6300 24000 176700