UNIT 1

Financial Statements (with adjustments) & Depreciation

Individual Assignment 1

Marks:10

Date of Submission on BLACKBOARD: 27.10.2021

The assignment can be handwritten/ typed in a single processed document

Q1. From the following information, prepare the trading account for the year ending 31 March 2019.

Adjusted purchases ₹.1204000, sales ₹. 1350000, closing stock ₹. 85000, freight and carriage inward ₹.
4500, wages ₹. 3500, Freight and carriage outwards. ₹.2800

Q2. From the following information, calculate the gross profit for the year ending 31 March 2018.

Cost of goods sold ₹. 1150000, sales. ₹. 1250000, Closing stock ₹. 85000.

Q3.

Income Statement
Q4.

Q5.

Q6. From the following Trial Balance, prepare Income Statement and Balance Sheet for the year
ending 31st March 2014.