BALANCE SHEET

Prepare a balance sheet with the following balances as on 31.12.83

1. P/L A/C (Cr. Balance ) rs. 4500, capital a/c 20000, bank overdraft 8000, B/P 6000,B/R 7000,
s/debtors 4000, furniture 5000, outstanding salary 3000, investment 5000, outstanding interest
on investment 400, prepaid rent 100, machinery 16000, closing stock 3500, cash in hand 500.

2. Prepare trading a/c and P/L ac for the year ended 31.12.1983 and a balnce sheet as on that
date from the following particulars :

Trial balance as a t 1.12.1983

Dr. Cr.

Stock (1.1.1983)------------------------------------------------ 4600

Purchases 16980

Sales ---- 42600

Returns 2300 3120

Wages 4920

Trade expenses 1680

Discounts 1180

Lighting 680

Interest 700

Building 12000

Furniture 1400

Capital a/c(1.1.83) 12720

s/debtors and creditors 2850 3960

cash in hand 450

cash at bank 10860

drawings 3000
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63600 63600

Closing stock 11500.