06. On 31st March 2005 the following trial balance was extracted from the books of Ms. Nicolette : Particulars Debit Credit Rs. Rs. Capital Account Plant and Machinery Sales Purchases 1,00,000 1,60,000 3,54,000 1,20,000 2,000 60,000 Returns 1,500 Opening stock (1-4-2004) Discount 700 1,600 Bank charges Sundry Debtors Sundry Creditors Salaries Manufacturing Wages Carriage Inwards Carriage Outwards Bad Debts Provision Rent, Rates and Taxes 150 90,000 50,000 13,600 20,000 1,500 2,400 1,050 20,000 4,000 Advertisements Cash in hand Cash at bank 1,800 12,000 5,08,150 5,08,150

Corporate Financial Accounting
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ISBN:9781337398169
Author:Carl Warren, Jeff Jones
Publisher:Carl Warren, Jeff Jones
Chapter14: Financial Statement Analysis
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Problem 14.4APR: Measures of liquidity, solvency, and profitability The comparative financial statements of Marshall...
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46 46 20:12
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Mahi Macha
30 minutes ago
pem
You are asked to prepare the final accounts for the year ended 31 March
2005 and the Balance Sheet as on that date. The following adjustments are
required.
1. Closing Stock Rs. 70,000
2. Depreciation of Plant at,12%
3.
Bad Debts Provision to be adjusted to Rs. 1,000
4.
Interest on Capital to be allowed at 10% per annum
5.
5% of the profit is to be carried to Reserve Fund.
O O 1
Transcribed Image Text:46 46 20:12 O vo! 0.00 70% LTE2 KB/s Mahi Macha 30 minutes ago pem You are asked to prepare the final accounts for the year ended 31 March 2005 and the Balance Sheet as on that date. The following adjustments are required. 1. Closing Stock Rs. 70,000 2. Depreciation of Plant at,12% 3. Bad Debts Provision to be adjusted to Rs. 1,000 4. Interest on Capital to be allowed at 10% per annum 5. 5% of the profit is to be carried to Reserve Fund. O O 1
46 46 20:12
O vo! 1.60 70%
Mahi Macha
30 minutes ago
06 On 31st March 2005 the following trial balance was extracted from the
books of Ms. Nicolette :
Particulars
Debit
Credit
Rs.
Rs.
Capital Account
Plant and Machinery
1,00,000
1,60,000
Sales
Purchases
Returns
3,54,000
1,20,000
2,000
60,000
1,500
Opening stock (1-4-2004)
Discount
Bank charges
Sundry Debtors
Sundry Creditors
Salaries
1,600
700
150
90,000
50,000
13,600
20,000
1,500
2,400
Manufacturing Wages
Carriage Inwards
Carriage Outwards
Bad Debts Provision
Rent, Rates and Taxes
Advertisements
Cash in hand
1,050
20,000
4,000
1,800
12,000
Cash at bank
5,08,150
5.08.150
O O 1
Transcribed Image Text:46 46 20:12 O vo! 1.60 70% Mahi Macha 30 minutes ago 06 On 31st March 2005 the following trial balance was extracted from the books of Ms. Nicolette : Particulars Debit Credit Rs. Rs. Capital Account Plant and Machinery 1,00,000 1,60,000 Sales Purchases Returns 3,54,000 1,20,000 2,000 60,000 1,500 Opening stock (1-4-2004) Discount Bank charges Sundry Debtors Sundry Creditors Salaries 1,600 700 150 90,000 50,000 13,600 20,000 1,500 2,400 Manufacturing Wages Carriage Inwards Carriage Outwards Bad Debts Provision Rent, Rates and Taxes Advertisements Cash in hand 1,050 20,000 4,000 1,800 12,000 Cash at bank 5,08,150 5.08.150 O O 1
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