Drawings Rs. 74,800 Purchases Rs. 295,700 Stock (1.04.2011) Rs. 30,000 Bills receivable Rs. 52,500 Capital Rs. 250,000 Fumiture Rs. 33,000 Discount allowed Rs. 950 Sales Rs. 335,350 Rent Rs. 72,500 Freight Rs. 3,500 Printing charges Rs. 1,500 Sundry creditors 75,000 Insurance Rs. 2,700 Sundry expenses Rs. 21,000 Discount received Rs. 1,000 Bank loan Rs. 120,000 Stock (31.03.2012) Rs. 17,000 Income tax Rs. 9,500 Machinery Rs. 215,400 Bills payable Rs. 31,700

Drawings Rs. 74,800 Purchases Rs. 295,700 Stock (1.04.2011) Rs. 30,000 Bills receivable Rs. 52,500 Capital Rs. 250,000 Fumiture Rs. 33,000 Discount allowed Rs. 950 Sales Rs. 335,350 Rent Rs. 72,500 Freight Rs. 3,500 Printing charges Rs. 1,500 Sundry creditors 75,000 Insurance Rs. 2,700 Sundry expenses Rs. 21,000 Discount received Rs. 1,000 Bank loan Rs. 120,000 Stock (31.03.2012) Rs. 17,000 Income tax Rs. 9,500 Machinery Rs. 215,400 Bills payable Rs. 31,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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