Trial Balance of Zero Point Company as on 31st December 2004 is given belo Credit Debit 30,000 Particulars Particulars Opening Stock Sales 8,00,000 Purchase 5,50,000 Capital 4,50,000 Fuel, power Building 5000 Creditors 10000 2,00,000 Reserve Fund 20000 Salaries 10,000 Overdraft 20000 Machinery 2,00,000 1,00,000 Bank Loan 1,00,000 Debtors Commission Received 15000 Cash at Bank 25,000 20,000 Wages Carriage Outward 5000 Investment 2,00,000 Rent 15000 Stationery 20000 Goodwill 35000 Total 14,15,000 Total 14,15,000 Additional Information: a. Stock on 31st December 2004 was Rs 2 00 000 b. Depreciate machinery by 15% & building at 10% c. Wages outstanding Rs 3000 d. Prepaid salary Rs 5000. e. Additional bad debt Rs 5000. Required: a. Trading account b. Profit and loss account c. Balance sheet

Trial Balance of Zero Point Company as on 31st December 2004 is given belo Credit Debit 30,000 Particulars Particulars Opening Stock Sales 8,00,000 Purchase 5,50,000 Capital 4,50,000 Fuel, power Building 5000 Creditors 10000 2,00,000 Reserve Fund 20000 Salaries 10,000 Overdraft 20000 Machinery 2,00,000 1,00,000 Bank Loan 1,00,000 Debtors Commission Received 15000 Cash at Bank 25,000 20,000 Wages Carriage Outward 5000 Investment 2,00,000 Rent 15000 Stationery 20000 Goodwill 35000 Total 14,15,000 Total 14,15,000 Additional Information: a. Stock on 31st December 2004 was Rs 2 00 000 b. Depreciate machinery by 15% & building at 10% c. Wages outstanding Rs 3000 d. Prepaid salary Rs 5000. e. Additional bad debt Rs 5000. Required: a. Trading account b. Profit and loss account c. Balance sheet

Name: 15. Trial Balance of Zero Point Company as on 31st December 2004 is g
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Description: 15. Trial Balance of Zero Point Company as on 31st December 2004 is given below:ParticularsDebitParticularsSalesCreditOpening Stock30,0008,00,000Purchase5,50,000Capital4,50,000Fuel, powerBuilding5000Creditors100002,00,000Reserve Fund20000Salaries10,

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.16P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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