Particulars Debit Credit Sr. No.

Rent 10000 R 1
Sales 512000 R 2
Creditors 56600 L 3
Bank overdraft 140000 L 4
bills payable 23000 L 5
capital 405000 C
opening stock 72000 E
purchases 220000 E
carriage i/w 8000 E
wages 80000 E
goodwill 30000 A
freehold land 60000 A
Leasehold land 100000 A
Building 220000 A
Plant and Machinery 180000 A
Vehicles 70000 A
Furnitures 20000 A
Advertising 10000 E
Salaries 38000 E
Stationery 8300 E
Office expenses 4100 E
Bank charges 100 E
Carriage o/w 3700 E
Cash 400 A
Debtors 12000 A
Interest on bank overdraft 10000 E
1146600 1146600
Expenses Amnt Revenue Amnt
Opening Stock 72000
Purchases 220000 Sales 512000
Carriage Inward 8000 Rent 10000
Wages 80000 Closing Stock 58000
Advertising 10000 TOTAL 580000
Salaries 38000
Stationery 8300
Office expenses 4100
Bank charges 100 NET PROFIT 69300
Carriage o/w 3700
Interest on bank overdraft 10000
Trail Balance as on 31.03.2012 Adjustments
P&L Account for the Financial Year 2011-12
Additional interest on bank overdraft 4600
Provision for doubtful debts 600
Depreciation on P&M 27000
Depreciation on Vehicles 14000
Depreciation on Furnitures 2000
O/s Salaries and wages 8300
TOTAL 510700 TOTAL 510700
Particulars Amnt
Depreciate P&M @ 15% p.a., Vehicles - 20% p.a., Furniture-10% p.a
Closing stock 58000
O/s wages - 3800 & o/s salaries - 4500 8300
Interest on bank overdraft for the last quarter - 4600 has not been recorded
so far
Provide 5% on debtors for doubtful debts
Liabilities Amnt
Capital 405000
Net Profit 69300
Bank overdraft 140000
Creditors 56600
Adjustments
Balance Sheet as on 31.03.2012
O/s wages and salaries 8300
Interest for bank overdraft(not recorded) 4600
Bill payable 23000
TOTAL 706800
Assets Amnt
Freehold Land 60000
Leasehold Land 100000
Building 220000
P&M 180000
Depreciation on P&M -27000
Vehicles 70000 23000
Depreciation on Vehicles -14000
Furnitures 20000
Depreciation on Furnitures -2000
Cash 400
Debtors 12000
Balance Sheet as on 31.03.2012
Provision for Doubtful debt -600
Goodwill 30000 23000
Closing Stock 58000
TOTAL 706800