Professional Documents
Culture Documents
Accounts Sum
Accounts Sum
Particulars Debit
Cash 5000
Capital
Drawings 7500
Accounts Payable
Accounts Recievable 17000
Purchases 54000
Opening Stock 21000
Sales
Unpaid Rent
Prepaid Insurance 3500
Office Furniture 14000
Debtors 9000
Salaries & wages 12000
Carriage Inward 1500
Freight Outward 3000
Advertising 6000
Bank Loan
Interest paid on Loan 2000
Loss from fire 7000
Discount received 1000
Bills Recievable 5000
Bills Payable
Plants & Machinery 32000
Patents & Rights 11000
Total 211500
Prepare the Profit & Loss Account and the Balance sheet
09
Credit
84500
12000
89000
4000
20000
2000
211500