Q6 Solution

a
b
c
d
e
f
g
h

Q7 Solution
lighting P&L
a
a
b
c
d
e
f
g

Q10 solution

1
2
3
4
5
6
7
8
9

Case 4
Q6 Solution
minus from debtors and creditors Rs.1000
BD, BDR
Dep
minus from purc and add to drawings
int on bk loan
minus from printing c/f to B/s asset side
add to pur and creditors
closing stock

Q7 Solution
lighting P&L
minus from Debtors and add to drawing Rs. 250
NBD minus from debtor Rs. 600 and P&L debit
5% BDR
deduct 900 from B/s assets and debit it to P&L
insur claim 700 asset, 300 loss, 1000 goods burnt
minus from b/r, add to debtors Rs. 650
cl stock
add to debtors and minus from bank balance Rs. 1000

Q10 solution

Closing stock 10000

add to pur add to sales Rs. 25000
dep on furni 10%
profit on sale P&L credit Rs. 5000….B/s deduct sale Rs. 5k and add wrong credit Rs. 10k
add to debtors add to capital
5400 int on FD received, minus from FD 20k, add to FD Rs. 25400
add to rent and liab
adv to a person b/s asset, deduct from salaries
o/s rent P&L credit and asset

DR CR
Capital 400
GR 2200
P&L a/c 10
loans 1200
BDR 20
provision for tax 60
provision for warranty 25
creditors 200
o/s exp 50
sales 5900
pur ret 70
inc from invest 120
op st 400
pur 2600
sales ret 40
salaries 600
excise 500
sales tax 500
audit fees 40
office exp 500
selling exp 400
advt 400
Land and bldg 320
furni 25
P&M 1900
invest 1200
accum dep 300
adv to employes 290
debtors 640
cash 200
10555 10555