From the following Trial Balance prepare Trading, Profit and Loss A/c for the year ending

31.3.2009 and balance sheet as on that date

Particulars Debit Credit

Capital 350,000
Drawings 25,000
Plant and Machinery 150,000
Debtors and Creditors 90,000 40,000
Returns 10,000 12,000
Discount 5,000 4,000
Commission 8,000
Interest on Bank loan 22,000
Furniture 34,000
Provision for doubtful debts 12,000
Wages 48,000
Salaries 60,000
Advertisment 15,000
Taxes and Insurance 12,000
Purchases and Sales 240,000 480,000
Stock (as on 31.3.2008) 50,000
Carriage 12,000
Land and Buildings 300,000
Cash in Hand 12,000
Cash at Bank 25,000
10% Bank Loan (as on 1.4.2008) 220,000
1,118,000 1,118,000

Additional information
1. Stock was valued at Rs 46000 as on 31.3.2009
2. Wages and Salaries were outstanding Rs 5000 and Rs 4000 respectively as on 31.3.2009
3. Depreciate Plant and Machinery, Land and Building and Furniture at 15%, 2.5% and 15% resp.
4. Provide for doubtful debts at 10% on debtors
From the following Trial Balance prepare Trading, Profit and Loss A/c for the year ending
31.3.2009 and balance sheet as on that date

Particulars Debit Credit

Capital 350,000
Drawings 15,000
Plant and Machinery 205,000
Debtors and Creditors 50,000 25,000
Returns 8,000 7,000
Discount 7,000 6,000
Commission 15,000
Interest on Bank loan 12,000
Furniture 55,000
Provision for doubtful debts 13,000
Wages 50,000
Salaries 45,000
Advertisment 15,000
Taxes and Insurance 13,000
Purchases and Sales 260,000 400,000
Stock (as on 31.3.2008) 70,000
Carriage 5,000
Land and Buildings 98,000
Cash in Hand 8,000
Cash at Bank 20,000
10% Bank Loan (as on 1.4.2008) 150,000
951,000 951,000

Additional information
1. Stock was valued at Rs 35000 as on 31.3.2009
2. Wages and Salaries were outstanding Rs 6000 and Rs 5000 respectively as on 31.3.2009
3. Depreciate Plant and Machinery, Land and Building and Furniture at 2.5%, 10% and 15% resp.
4. Provide for doubtful debts at 10% on debtors
From the following Trial Balance prepare Trading, Profit and Loss A/c for the year ending
31.3.2009 and balance sheet as on that date

Particulars Debit Credit

Furniture 640
Building 7,500
Machinery 6,250
Capital 12,500
Bad Debts 125
Bad Debts Reserve 200
Debtors and Creditors 3,800 2,500
Stock 1.1.2009 3,460
Purchases and Sales 5,475 15,450
Bank Overdraft 2,850
Returns 200 125
Advertisment 450
Interest 118
Cash 650
Commission 375
Tax and Insurance 1,250
General Expenses 782
Salary 3,300

34,000 34,000

Additional information
1. Clsoing Stock is valued at Rs 3250
2. Depreciate building at 5%, furniture at 10% and machinery at 20%
3. Interest Rs 85 is payable on bank overdraft
4. Salary Rs 300 and tax Rs 120 are outstanding
5. Insurance prepaid is Rs 100 and one third of the commission is received in advance.
6. Furniture purchased in January worth Rs 100 is included in purchases.
7. Write of Rs 100 as further bad debts and make a reserve for doubtful debtors equal to 5% on debtors.
From the following Trial Balance prepare Trading, Profit and Loss A/c for the year ending
31.3.2009 and balance sheet as on that date

Particulars Debit Credit

Opening Stock 25,000
Capital 225,000
Debtors and Creditors 30,000 17,500
Purchases and Sales 200,000 350,000
Returns 7,500 5,000
Carriage 4,000
Wages and Salaries 12,500
Commission 6,500
Machinery 40,000
Furniture 10,000
Bad Debts 4,000
Provision for doubtful debts 5,000
Bills receivable and Bills Payable 15,000 3,500
Land and Buildings 200,000
Taxes and Insurance 8,500
Discount Allowed 6,000
Bank 25,000
Drawings 25,000
612,500 612,500

Additional information
1. Closing stock is valued at Rs 20000
2. Wages and Salaries outstanding is Rs 500 and Insurance preapid is Rs 2000
3. Provide for doubtful debts on debtors at 10%
4. Depreciate machinery and furniture at rate of 10% and 15% respectively.
5. Goods costing Rs 12000 were sold on approval basis of Rs 15000 but these wer not approved by the customers.