problam:1

prepare the final accounts of murali krishna from the following trial balance as on 31-3-98. Trial Balance as on 31-3-98 Amount 800 40000 68000 1200 2000 35000 2500 900 900 400 500 5000 200 25000 10000 500 25000 3000 2,20,900 Credit sales 10%loan[1-1-98] reserve for bad debts creditors capital bills payable Amount 69400 51,000 500 8000 90000 2000

Debit cash in hand goodwill purchase cash at bank direct wages opening stock interest on loan insurance carriage on sales carriage on purchase commission fittings bad debts buildings plant&machinery postage&telgram debtors salaries

2,20,900

Adjustments: 1.stock as on 31-3-98 Rs 75,000. 2. provide 5% for doubtful debts. 3. provide depreciation 10% on fittings;10% on plant&machinary &5%on buidings 4. Mr. murali has taken Rs 500 worth of stock for his domestic use 5. stock worth of Rs 10,000 was destroyed in a fire accident for which the insurance company agreed to reimburse Rs 2,000.

problam: 2

the ledger balances of kapil dev were for the preparation of final accounts. You are requested to trial balance as on 31-3-98 Amount Credit 140000 5300 2100 20000 800 495 25000 7000 6000 10000 14000

Debit purchases drawings returns inward 10%investmants commission cash in hand debtors rent of factory office expenses wages salaries

Amount

sales 210000 capital 75000 purchase returns 2000 interest on investmants 1000 creditors 10000 reserve for bad debts 1170 6%loan 5000 bank overdraft 34000

buildings plant&machinery general insurance opening stock gas& water repairs loose tooles interest on loan

50000 30000 6000 16000 2000 750 2500 225 3,38,170

3,38,170

Adjustments: 1.stock as on 31-12-98 is Rs62,300 2. unexpired insurance Rs 200 3. outstanding wages Rs 1000;salaries RS 2000 4. provide depreciation on plant at 10% 5. loose tooles were valued on 31-12-98 as Rs 3000 6. the general manager is eligible for 10% commission on net profits, before charging such commission.

problam:3 particulars capital opening stock wages purchases sales purchases returns furiniture &fixtures motor car buildings singh rao raju ajaya reddy rent&rates advertisement repairs[motor car] salaries general expenses insurance commission repairs to buildings cash in hand cash at bank

trail balance of shukla on 31-12-98. Debit Rs. Credit Rs. 90000 12000 1840 21900 51800 500 2560 24000 70000 8000 4100 4000 19600 12600 900 900 400 6000 3200 1400 1500 2000 800 12000 1,76,000 1,76,000

Note:to find out debtors &creditors add the balances of ledger accounts.

prepare trading account,profit &loss account and balance sheet for the year ended 31-12-1998 taking the following ad Adjustments: 1.closing stock on 31-12 -98,Rs.25000 2. furniture revalued as Rs 2000 3. wages include the amount of Rs 340 paid towards wages for the construction of the shed 4. prepaid insurance Rs 400 5.salaries outstanding Rs 500 6. calculate 5% as interest on capital. 7. goods used for personal worth of Rs 400.

problam:4 Dedit purchase returns carriage rent&rates stock[1-1-98] debtors salaries wages plant &machinery furniture cash at bank

From the following ledger balances, prepare a trading and profit &loss a/c.and balance sheet fo Amount 75000 1000 1200 2500 15000 40000 22500 10800 50000 10000 29400 2,57,400 Credit capital sales creditors returns interest provision for dad, doubtful debts Amount 50000 175000 25000 4700 500 2200

2,57,400

Adjustments; 1.closing stock Rs 15000 2.depreciate plant &machinery by 10&and furniture byu 15% 3. interest accrued Rs 500 4. provision for bad, doubtful debts is to be maintained at 2% 5. outstanding rent Rs 300

problam:5 Debit cash in hand purchases returns wages salaries stock[1-1-98] carriage inwards carriage outwards buildinngs

From the following ledger balances of satish, prepare a trading and profit &loss a/c for the year Amount 3000 40000 500 5000 3200 22000 800 1200 25000 Credit capital sales returns creditors bills payable Amount 50000 72000 300 4000 3700

machinery insurance debtors bills receivables

15000 700 8000 5600 1,30,000 1,30,000

Adjustments; 1.closing stock Rs 26000 2. outstanding saaries Rs 550. 3. write off Rs 600 as dad debts,provide 5% for doubtful debts. 4. prepaid insurance Rs 200. 5. reduce Rs 700 on machinery and Rs 1200 on buildings.

problam: 6 Debit drawings of ramlal furniture business premises stock[1-1-98] debtors purchases returns discount taxes &insurance

From the following information pertaining to ramlal, prepare a trading account, a profit &loss a/ Amount 5000 2600 20000 33117 17300 100000 1905 1600 1000 1,82,522 Credit capital of ramlal bank overdraft creditors returns rent received sales Amount 30000 4327 7345 1326 320 139204

1,82,522

Adjustment: 1.closing stock Rs 20904. 2. provide depreciation 4% on premises and 5%on furniture. 3.allow 5% of interest on capital. 4.unexpired rent is Rs 200 5.provision for bad debts is to be maintains at 5% on debtors.

problam :7 particulars capital drawings furniture bank overdraft taxes& insurance creditors buildings stock[1-4-97]

prepare the final account of praveen kumar for the year 31-3-98 with this trail balance Debit Rs Credit Rs 80000 10000 5200 8400 4000 17600 40000 44000

debtors rent purchases sales returs inward general expenses salaries commission carriage on purchases bad debts discount bills receivable bills payable

36000 2000 220000 300000 4000 8000 18000 4400 3600 1600 3200 10000

4000 4000

4,14,000

4,14,000

Adjustments: 1.stock on 31-3-98 Rs 42000 2.stock destroyed by fire on 25-3-98 Rs 9000. the stock was not insured. 3. provide for depreciation Rs 2000 on building and Rs 5000 on furniture. 4. provide 5% for provision for doubtful debts. 5. charge interest on capital @5% per annum 6. charge interest @ 10% on drawings . 7. Rs 5000 advertisement expenses was included in general expenses.

problam:8

From the following trial balance and other additional information. Prepare the final a/c for the pe trial balance as on 31-12-98

particulars cash in hand good will factory insurance audit expenses capital creditors debtors wages rent opening stock furniture general reserve rates &taxes purchases sales purchases returns

Debit Rs 13500 20000 2000 1500

credit Rs

60000 10000 20000 5000 1500 12000 28000 6000 2500 95000 120000 2000 1,99,500 1,99,500

Adjustments:

1.closing stock Rs 14500. 2. bad debts 5% on debtors; provide bad debts reserve 2% on debtors. 3.wages include an amount of Rs 2000 paid for making furniture. 4.provide 2% discount on creditors. 5. rent receivable Rs 200 6. prepaid rates and taxes Rs 500.

problam: 9

From the following trial balance of girish, prepare the final a/c as on 31-12-98. trail balanceas on 31-12-98 Debit Rs 2500 90000 34000 credit Rs

particulars rates&taxes purchase debtors &creditors sales purchase retuns sales returns opening stock capital freehold properties drawings cash in hand patents loose tools fuel &power wages repairs carriage on sales commission received

19000 140000 1500

2000 15600 110000 70000 12000 1800 25000 10000 2300 5000 1200 1500 2400 2,72,900 2,72,900

Adjustment: 1.closing stock Rs 20000. 2.charge interest on drawings @ 10%. 3.write off Rs 4000 as bad debts and provide for reserve 2% for discount on debtor. 4.prepaid rates and taxesRs 500. 5. loose tools are revalued at Rs9000 . 6. write off 10 % of patents.

problam:10

prepare a trading a/c, a profit &loss a/c and a balance sheet of Mr. sreedhar for the period endin trial balance as on 30-6-98 Debit Rs 15500 80000 20000 4300 credit Rs

particulars stock on 1-7-97 purchases,sales debtors customs duty

127000

mortgageloan12%int wages &salaries insurance returns capital interest on loan bad debts reserve bad debts machinary furniture cash in hand

10000 16250 750 2000 1000 600 1000 45000 20000 13300 2,19,100 2,19,100

1500 80000

Adjustments: 1.stock on 30-6-98 Rs 15000 2. provide 5%on debtors for bad debts reserve. 3. goods taken for his domestic use Rs 500 4. interest due on loan for 2months. 5. unexpired insurance Rs 150 6.depreciation on machinery @ 10%.

problam:11

the following is the trial balance of Mr .sripathi as on 31-12-98. prepare trading,p&l a/c and B/Sa trial balance as on 31-12-98 Amount 14500 72500 33000 1600 3000 8200 4000 5000 3400 45000 17000 1000 12000 2,20,200 Credit sales creditors capital returns outward commission bank overdraft Amount 95000 28500 80000 2500 2200 12000

Debit stock on 1-1-98 purchase debtors factory insurance sales returns wages drawings water&electricity printing &stationary machinery furniture bad debts salaries

2,20,200

Adjustments: 1.stock on 31-12-98 Rs 40000 2. write off further bad debts Rs 3000 &provide 5% on debtors for provision for doubtful debts. 3. 3/5 of the water and electricity charges relate to the factory. 4. commission accrued Rs800 5. provide 10% depreciation on machinery. 6. outstanding printing &stationary expenses Rs 1600.

problam:12

prepare trading ,P&L A/C, B/S of Mr.srinivas from the following trial balance on 31-12-95 trial balance as on 31-12-95 Debit Rs 42000 38000 6000 1400 800 3200 _ 1500 6200 12000 _ _ 24000 _ _ _ 32650 1200 900 6000 700 1,76,550 Credit Rs

particulars purchases machinary furniture advertisement exp. audit fee printing & stationery sales' returns wages cash at bank bill payable bank overdraft debtors capital creditors interest received land &buildings factory rent insurance stock on 1-1-95 bad debts

65000 800

8000 12000 80000 10000 750

1,76,550

Adjustments: 1. closing stock on 31-12-95 Rs 20000 2. outstanding wages Rs 2500 3. calculate depreciation on machineary and furniture at 5% 4. calculate interest on capital at 6% 5. provide 5% reserve for bad & doubtful debts on debtors. 6. prepaid insurance Rs 200.

alance as on 31-3-98.

ed to reimburse Rs 2,000.

unts. You are requested to help Mr. kapil dev.

98 taking the following adjustments into account.

s a/c.and balance sheet for the year ended 31-12-98.

rofit &loss a/c for the year ended 31-12-98.

account, a profit &loss a/c and a balance sheet for the year ending 31-12-98.

his trail balance

pare the final a/c for the period ending 31-12--98.

edhar for the period ending 30-6-98, from the following information.

/s as on that date.

alance on 31-12-95

problam:13 prepare final a/c of Mr venkat from the following trial balance as on 31-3-2001 trial balance as on 31-3-2001 Ddebit stock on 1-4-2000 purchases telephone charges import duties office rent insurance cash in hand buildings investments machinery drawings sales returns discount allowed stationary, printing exp gas, water,power general expenses debtors Amount 18500 90000 6500 1200 12000 7500 11000 80000 20000 73600 1200 800 1200 1800 2000 1500 15000 3,43,800 Adjustments: 1. closing stock Rs 46000 2. appreciate building by 10% 3. prepaid insurance Rs 1500 4. depreciate machinery by 5% 5. provide 5% reserve on debtors for bad and doudtful debts. 6. calculate interest on capital at 6% problam:14 show the trading,profit&loss a/c and balance sheet of Mr. shankar as on 31st december 98 from the folowing Trial balance as on 31-12-98 particulars stock on 1-1-98 sales returns outwords returns inwords advertisement expenses gas,water charges telephone charges bills receivable credirors capital drawings Debit Rs 4500 42000 1000 2000 4600 1800 2000 7000 8000 32000 1400 credit Rs Credit Amount

capital 125000 purchase returns 4200 bills payable 16000 bank overdraft 8000 reserve for bad &doubtful debts 400 mortgage loan 24000 discount received 1200 sales 165000

3,43,800-

general expenses debtors bills payable machinary furniture purchase cash in hand factory insurance loose tools

900 16000 2500 12000 6000 20700 1200 800 4600 85,000 85,000

Adjustments: 1.caluate interest on capital at 5% 2. provide Rs 500 bad debts &calculate 5% reserve for bad &doubtful debts. 3. depreciate machinary by 10% ;furinture by 5% 4. outstanding gas, water charges Rs 200 5.loose tools are revalied at Rs 5000 6. stock on 31-12-98 Rs 22000

problam :15 on 31st march 2000 the following trial balance was extracted from the books of sudhakar varma trial balance as on 31-3-2000 particulars capital furniture, fixtures purchase ,sales returns debitors ,creditors discount alowed manufactureing wages carriage inwards carriage outwards rent&taxes opening stock advertisement charges bills payable cash in hand cash at bank plant & machinery bad debts provision import duty 2,12,625 Debit Rs credit Rs 60000 22000 76000 1500 28000 1200 4600 1400 900 13000 20500 8000 3000 14000 17775 625 750 2,12,625 125000 2000 15000

10000

Adjustments: 1. closing stock Rs24500 2. depreciate furniture at 10 % 3. provide Rs 1500 for bad & doubtful debts provision.

4. prepaid rent Rs 1800 5. outstanding wages Rs 1400 interest on capital to be allowed at 5% you are asked to prepare final accounts for the year ended 31st march 2000 and balance sheet as on that date.

problam: 16 from the following trial balance of janardhan prepare trading ,profit & loss a/c for the year ending 31st march trial balance as on 31-3-2001 particulars stock at commencement purchase salaries capital drawings sales returns purchase returns stationery exp wages debitors creditors furniture factory rent sales machinary land &building investments bank overdraft carriage advertisement exp insurance Debit Rs 2500 10600 1500 8500 450 800 300 650 1200 8500 14600 1200 550 22000 10500 10225 4500 9000 200 625 400 54,400 Adjustments: 1.stock on 31st march 2001 was Rs 14000 2. depreciation machinary at 10% ;furniture at 5% 3. provide for bad debts reserve of 4% on debtors 4. prepaid insurance Rsa 100 5.calculate interest on capital at 5% 6. outstanding wages Rs 800 problam: 17 prepare trading ,profit &loss a/c &balance sheet as on 31-12-93 trial balance as on 31-12-93 particulars cash in hand Debit Rs 5000 credit Rs 54,400 credit Rs

purchase ,sales returns wages salaries stock 1-1-93 carriage on purchase carriage on sales cpital creditors biis payable buildings machinery insurance debtord bills receivables 1,57,900

50000 500 6000 3500 25000 1000 1200

85000 400

60000 8000 4500 25000 20000 700 12000 8000 1,57,900

Adjustments: 1. closing stock 31-12-93 Rs 28000 2. outstanding wages Rs 1200 3. prepaid insurance Rs 300 4. reduse Rs 1200 on machinary & Rs 1500 on building 5. write off Rs as bad debts & also create 5% reserve for bad debts on debtors. problam : 18

from the following trial balance prepare a trading ,p& l account and balance sheet for the period ended 31-12 Debit purchase machinery returns debitors cash at bank stock 1-1-98 taxes wages carrige on purchase furniture rent salaries Amount 100000 50000 4000 60000 25000 40000 3500 28000 3000 12000 4000 45000 3,74,500 Credit capital returns creditors bank over draft discount sales Amount 75000 2500 50000 20000 2000 225000

3,74,500

Adjustments; 1. closing stock Rs 42000 2. outstanding wages Rs 4500 3. write off Rs 1000asbad debts & also create 5% bad debts reserve on debitors 4. provide 71/2 %depreciation on machinery 5. charges 5 % interest on capital.

problam :19 From the following trial balance prepare trading ,profit &loss a/c and balance sheet of Mr. anamica for the p particulars opening stock purchase purchase returns sales sales returns debitors furniture premises capital creditors bills payable wages import duties cash bank balance bills receivable salaries bad debts insurance advertisement carriage on sales trade exp Debit Rs 132000 83600 1320 187440 8360 26400 17600 71500 55000 176000 26400 2200 6600 1760 6600 28600 44000 440 5500 6600 1100 3300 4,46,160 4,46,160 credit Rs

Adjustment: 1.closing stock Rs 128700 2. write off depreciation on premises at 5% 3. charge 10% interest on capital 4. create doubtful debts at 5% on debtors 5.outstanding wages Rs 200 6. prepaid insurance Rs 1500 7. creat 2% discount on creditors.

problam;20 From the following tria balance prepare trading profit &loss a/c and balance sheet of M/s sarada and co for the period Debit cash on hand bank debitors purchaes return inwards rent&taxes Amount 5000 6000 94000 85000 3000 2000 Cridit capital sales return outwords biis payable bank overdraft interest on investment Amount 232800 180000 3000 75000 20000 6000

opening stock wages salaries trade expenses machinery land &building furiniture bad debts insurance bills receivable drawings

150000 4000 12000 1000 80000 120000 30000 1000 1500 5000 4000 6,03,500

creditors provision for bad debts discount

80000 4700 2000

6,03,500

Adjustments: 1. closing stock Rs 65000 2. outstanding wages Rs 1800 3. prepaid rent 500/4. prereceived interest on investment 1500/5. write off 4000/- as bad debts &also creat provision for bad debts at 5% on debtors 6. create 71/2 %depreciatin on machinary &21/2% appreciation on land &buildings. problam :21 prepare trading ,profit&loss a/c and balance sheet of Mr bhasker from the trial balance as on 31-12-1999 particulars capital drawing purchase&sales returns wages carriage inwords carriage outwords rent salaries printing&sationary insurance discount debtors creditors bills receivable bills payble overdraft general reserve opening stock advertisement bad debts bad debts reserve machinery investment Debit Rs credit Rs 50000 10000 95000 2000 10000 2000 1500 6000 17000 2400 1800 500 40800 10000 7000 12000 10000 20000 7500 1500 1200 40000 15200 197000

1000 25000

furniture 3,03,200

20000 3,03,200

Adjustments: 1. closing stock 32000/2.outstanding wages 1000/3. outstanding salaries 1500/4. prepaid insurance 600/5. interest on capital 5% 6. depreciate machinary at 10%&furniture at 5% 7. write off 800/- as further bad debts & maintain bad debts reserve at 5%. Go worth 2500/- with drawn by proprietors personal problam :22 prepare trading ,profit & loss a/c nad balance sheet of M/s sailaja from trial balance as on 31-12-98. particulars capital drawing plant&machinary furniture buildings purchases&sales returns wages power&lighting carriage inwords opening stock salaries discount bad debts insurance debtors credtiors cash in hand cash at bank bills receivable bills payable Debit Rs credit Rs 200000 20000 60000 40000 45000 50000 500 2000 4000 1600 15940 30000 1600 3000 1500 50000 10000 5000 5000 22740 3,45,140 3,45,140

100000 400

2000

20000

Adjustments; 1. closing stock on 31-12-1998 2. prepaid insurance Rs 200 2-1998 Rs 21500 3. maintain reserve for bad debts at 4% on debtors 4. outstanding salaries Rs 2000 5.a purchase of Rs5000 was wrongly included in plant &machinery a/c 6. provide depreciation on plant &machinery at 10% &furniture at 5% 7. goods worth Rs 6000 destroyed by fire ,but the goods were not insured. problam : 23

prepare trading ,pprofit &loss a/c and balance sheet of sachin as on 31-3-1995 from the following trial balance particulars cash bank purchase sales returns wages fuel&power carriage on sales carriage on purchase stock 1st april building machinery patents salaries general expenses insurance drawings capital sundry debtor &creditors Debit Rs 540 12630 140675 2680 20480 4730 3200 2040 25760 50000 20000 7500 15000 13000 600 15245 14500 258780 1500 credit Rs

82000 6300

3,48,580

3,48,580

Adjustments: 1.stock on hand on 31-3-95 wasd Rs 26800 2.machinery is to depreciated @ 10% &20% appreciated onm petants 3. salaries unpaid Rs 1500 4. insurance included a premium of Rs 340 p.a paid to sep .,1995 5. create a provision for doubtful debts at 5% on debtors. 6. purchase include a purchase of goods costing Rs 1675 for personal use of sachin.

98 from the folowing

sudhakar varma

eet as on that date.

c for the year ending 31st march 2001 & a balance sheet.

sheet for the period ended 31-12-98.

ce sheet of Mr. anamica for the period ended 31-12-2001

M/s sarada and co for the period ended 31-12-2000

ce as on 31-12-1999

with drawn by proprietors personal use ,but not recorded.

ce as on 31-12-98.

e following trial balance