Tye ACCOUNTING a ue TS ISL Indian iit ): Rs. x Sam Bs 50,000 | Creditors — ; es wings > « 4,000 | Bad debts : 11 General Expenses 5,000 | Loan 15,760 Buildings — > 22,000 | Sales 1,30,720 Mechanery 18,680 | Purchases ’ 94,000 Bk = REN 32,400 | Motor Car 4,000 Power ~ 4,480 | Reserve Fund (Cr.) 1,800 Taxes & Insurance 2,630 | Commission (Cr.) - 2 20 Wages ; 14,400 | Car Expenses 3,600 Debtors - & e 12,560 | Bills Payable i 6,700 Bank Overdraft 6,600 | Cash 160 Charity 210 Stock on 31st March 1994 was valued at Rs. 47,000. Prepare the final Accounts for the year ended on 31st March 1994, [Ans: Gross Profit — Rs 32,440; Net Profit — Rs. 22,540; Balance Sheet Total — Rs. 1,04,400] 14. From the following Trial Balance of Ravi, prepare Trading and Profit and Loss Account for the year ended December 31st 1993 and a Balance Sheet as on that date: Trial Balance Particulars Debit Credit Rs. Bs. Capital 40,000 Sales 25,000 Purchases 15,000 Salaries 2,000 at 1,500 Insurance 300 eee 5,000 28,000 Bank Balance stot 2,000 5,200 2,500 1,000 66,000 66,000 nts required : 31-12-93 Rs. 4,900 3) Stock on Rn paid See Rs. 200—Ponticutaxa { Sate | _t,20, 120 Tee Cleding Atnek 47 oxo | | | 77,720 | | | | abeaunk as on 21 5t mbrch (ray | Pastic tars Amount | Re ype = sanno — |ResexVe Panera tgoo | | Qe4o | Commission |