Page No 21.43:
Following is the Trial Balance of Sh. Damodar Parshad as at 31st March, 2016:-
Prepare a Trading and Profit and Loss Account for the year ended on 31-3-2016 and the Balance Sheet as at that date. The Stock on 31st March, 2016 was ₹ 22,000.
Page No 21.44:
From the following balances extracted from the books of Sh. Badri Vishal on 31st March, 2017, prepare a Trading Account, P & L A/c and a Balance Sheet. Closing Stock valued on that date was ₹ 15,000.
*Drawings = Household Expenses + Life Insurance Premium = 10,000 + 1,800 = Rs 11,800
Page No 21.45:
From the following balances of the Ledger of Sh. Akhileshwar Singh, prepare Trading and Profit & Loss Account and Balance Sheet:-
Page No 21.46:
From the following balances prepare Final Accounts as at 31st March 2017:-
Value of Closing Stock was ₹ 36,500 on 31st March, 2017.
Arrange assets in order of permanence:
Sundry Debtors, Stock, Investment, Land and Building, Cash in Hand, Motor Vehicle, Cash at Bank, Goodwill, Plant and Machinery, Furniture, Loose Tools, Marketable Securities.
Assets in the order of Permanence:
2. Land and Building
3. Plant and Machinery
4. Motor Vehicle
5. Loose Tools
7. Investment (Long-term)
9. Sundry Debtors
10. Marketable Securities (Short-term)
11. Cash at Bank
12. Cash in Hand