Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010

To Opening Stock 2,000 By Sales Capital 9,900 Furniture 1,000 Working Note WN 3 ) Creditos a/c
To Credit Purchases 12,950 Cash Sales 3,500 Less: Drawings 1,200 Plant & Machinery 7,000 Wn 1) Debtors a/c To Cash/Bank 3,500 By Balance b/d 2,000
Credit Sales 19,550 23,050 Add: Net Prfoit 4,60 13,300 Cash / Bank 2,800 To Balance b/d 2,500 By Cash/Bank 8,000 To Bills Receivables ( B 1,500 By Cred ( Bil Disho)
To Wages 2,000 Bills Receivables 4,500 To Bills Receivables 500 By Discount Allowed 250 To Discount Recd 650 BY Debtors 200
Less: Outstanding (p/y) 100 1,900 Debtors 4,000 To Creditors 200 By Bills Receivables 10,500 To Bill;s Payable a/c 7,000
By Closing Stock 3,000 Closing Stock 3,000 By Credsit Purc 12,950
Creditors 2,500 To Credit Sales 19,550 ( Bal fig)
Bills Payable 5,000 ( Bal fig)
To Gross Prfit c/d 9,200
( Bal fig) 26,050 26,050 To balance c/d 2,500
20,800 22,300 By Baalcne c/d 4,000 15,150 15,150
Profit & Loss a/c for the year ended 31/12/2010 22,750 22,750
To Sudry Exapenses 3,000 By Gross Profit b/d 9,200
TO Rent, Rates, & taxes 2,000 By Discount Recd 650 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Discount Allowed 250 To Balance B/d 2,000 By Cash/Bank 7,500 To Cash /Bank 6,000 By Balance b/d 4,000
By Debtrs ( Bill Dish) 500 To Creditors ( Bill Dis) By Creditors a/c
To Net Profit c/d ( Bal fig) 4,600 ( Bal fig) 7,000
9,850 9,850

To Debtors ( Bill D 10,500 By Balance c/d 5,000

( Bal fig) By Balance /cd 4,500 11,000 11,000
12,500 12,500
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 2,000 By Sales Capital 9,900 Furniture 1,000 Working Note WN 3 ) Creditors a/c
To Credit Purchases (WN3) 12,950 Cash Sales 3,500 Less: Drawings 1,200 Plant & Machinery 7,000 Wn 1) Debtors a/c To Cash /Bank 3,500 By Balance b/d 2,000 add o/s c
To Wages 2,000 Credit Sales 21,050 24,550 Add: Net Prfoit 6,100 14,800 Cash/Bank 2,800 To Balance b/d 2,500 BY Cash/Bank 8,000 To Bills Receibales 1,500 By Bills Payable 200 less os py
Less o/s l/y 10 1,900 (WN 1) Debtors 4,000 To Bills Rec 500 By Discount Allowed 250 To Dsicount Recd 650 By Debtors 200 less pp cy
Bills Receivables 4,500 To Creditors 200 By Bills Rec 12,000 To Bills Payable 7,200 add pp ly
By Closing Stock 3,000 Clsoing Stock 3,000
Creditors 2,500 To Credit Sales 21,050 By Credit Purchase 12,950
Bills Payable 5,000 Bal fig Bal fig
To Gross Prfit c/d 10,700
( Bal fig) 22,300 22,300 To balance c/d 2,500
27,550 27,550 By Baalance c/d 4,000 15,350 15,350
Profit & Loss a/c for the year ended 31/12/2010 24,250 24,250
To Sundry Expesnes 3,000 By Gross Profit b/d 10,700
To Rent, Rates & Taxes 2,000 By Discount Recd 650 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Discount Allowed 250 To Balance B/d 2,000 BY Cash/Bank 7,500 To Cash/Bank 6,000 By Balance b/d 4,000
By Debtors 500 To Creditors 200
To Net Profit c/d ( Bal fig) 6,100 By Creditors 1,500
11,350 11,350 By Creditors 7,200
To Debtors a/c 12,000 Bal fig
bal fig By Balance c/d 5,000
By Balance /cd 4,500 11,200 11,200
14,000 14,000
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 45,000 By Sales Capital 1,40,000 Plant 30,000 Working Note WN 3 ) Creditors a/c
To Purchases Cash Sales 24,500 Less: Drawings 15,500 Less Dep 5% 1,50 28,500 Wn 1) Debtors a/c To Cash/Bank 1,10,000 By Balance b/d 27,000 add o/s c
Cash Purchases 25,000 Credit Sales 2,10,50 2,35,000 Add: Net Prfoit 44,987 1.59.487 Building 55,000 To Balance b/d 39,250 By Cash/bank 1,72,000 To Discount Recd 1,850 by Credit Purcahses 1,90,000 less os py
Credit Purchases 1,90,00 2,15,000 Less Dep 2.5% 1,375 53,625 To Credit Sales 2,10,500 By Discount Allowed 1,250 To Bills Payable 50,000 less pp cy
By Bilss Rec 60,000 add pp ly
By Closing Stock 90,000 Stock 90,000
Creditors 55,150 Cash 9,050
Bills Payable 6,500 Comm Rec 1,200
To Gross Prfit c/d 65,000 O/s exps 1,500 Debtors 16,500
( Bal fig) 3,25,000 325,000 Less RDD 5% 825 To balance c/d 55,150
15,675 By Baalance c/d 16,500 2,17,000 2,17,000
Profit & Loss a/c for the year ended 31/12/2010 Less: RFDD 2.5% 41 15,263 2,49,750 2,49,750
To Salaries 9,000 By Gross Profit b/d 65,000 Bills Receivbles 35,000
To Rent 6,000 By Discoutn Recd 1,850 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Interest 450 By Commission Rec 1,200 2,32,637 2,32,637 To Balance b/d 10,000 By Bills Receivables 35,000 To Cash/Bank 45,000 By Balance b/d 1,500
To General Charges 750 To Debtors 60,000 By Crediotrs 50,000
To Dsicpunt allowed 1,250
To O/s exps 1,500
To Dep on Plant 1,500
To Dep on bldg 1,375 By Balance c/d 6,500
To RDD 825 By Bal c/d 35,000 51,500 51,500
To RFDD 413 70,000 70,000
To Net Profit c/d ( Bal fig) 44,987
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 45,000 By Sales Capital 1,40,000 Plant 30,000 Working Note WN 3 ) Creditors a/c
1,10,00
27,000
To Purchases Cash Sales 24,500 Less: Drawings 15,500 Less Dep 5% 1,500 28,500 Wn 1) Debtors a/c To Cash/Bank 0 By Balance b/d
Cash Purchases 25,000 Credit Sales 2,10,5002,35,000 Add: Net Prfoit 44,987 1,59,487 bld 55,000 To Balance b/d 39,250 By Cash / Bank 1,72,000 To Bills Payabl 50,000 By Credit Purcahses 1,90,000
Credit Purchases 1,90,0 215,000 Less Dep 2.5% 1,375 53,625 To Credit Sales 2,10,500 By Discount Allowed 1,250 To Discount Re 1,850
Cash 9,050 By Bills Receivables 60,000
By Closing Stock 90,000 Stock 90,000
Creditors 55,150 Commission Receviables 1,200
Bills Payable 6,500 Bills Recevivables 35,000
To Gross Prfit c/d 65,000 O/s exps 1,500 Debtors 16,500
( Bal fig) 225,000 2,25,000 Less RDD 5% 825 To balance c/d 55,150
15,675 By Baalance c/d 16,500 217,000 2,17,000
Profit & Loss a/c for the year ended 31/12/2010 Less RFDD 2.5% 3 15,283 2,49,750 2,49,750
To Salaries 9,000 By Gross Profit b/d 65,000
To Rent 6,000 By Commission Recev 1,200 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Interest 450 By Discount Recd 1,850 2,22,637 2,32,637 To Balance b/d 10,000 By Cash/Bank 35,000 To Cash/Bank 45,000 By Balance b/d 1,500
TO General Charges 750 To Devtors 60,000 By Crediotrs 50,000
To Discount Alloed 1,250
To o/s Exps 1,500
To Dep on plnat 1,500
To Dep on bldg 1,375 By Balance c/d 6,500
To RDD 825 By Bal c/d 35,000 51,500 51,500
TO RFDD 392 70,000 70,000
To Net Profit c/d ( Bal fig) 44,987
66,200 66200
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 2,000 By Sales Capital 9,900 Furniture 1,000 Working Note WN 3 ) Creditos a/c
To Credit Purchases 11,950 Cash Sales 3,500 Less: Drawings 1,200 Plant & Machinery 7,000 Wn 1) Debtors a/c To Cash / Bank 3,500 By Balance b/d 2,000
Credit Sales 22,050 25,550 Add: Net Prfoit 8,100 16,800 Cash / bank 2,800 To Balance b/d 2,500 By Cash / Bank 8,000 To Bills Receiv 1,500 By Bills Payabl 200
To Wages 2,000 Debtors 4,000 To Bills Receiabl 500 By Discount All 250 To Discount Re 650 By Debtors 200
Less: Outstanding (p/y) 100 1,900 Bills Receivables 4,500 To Crediors 200 By bills Receiva 13,000
By Closing Stock 3,000 Stock 3,000 To Bills Payabl 8,700 By Creditors 11,950
Creditors 2,500 ( Bal fig)
Bills Payable 5,000 To Credit Sales 22,050
To Gross Prfit c/d 12,700 ( Bal fig)
( Bal fig) 28,550 28,550 To balance c/d 2,500
22,300 By Baalcne c/d 4,000 14,350 14,350
Profit & Loss a/c for the year ended 31/12/2010 25,250 25,250
To Sundry Exps 3,000 By Gross Profit b/d 12,700
To Rent, Rates 2,000 By Discount Recd 650 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Discount Allowed 250 To Balance B/d 2,000 By Cash/ Bank 7,500 To Cash /bank 7,500 By Balance b/d 4,000
To Debtors 13,000 By Debtors 500 To Creditors 200
To Net Profit c/d ( Bal fig) 8,100 ( Bal fig) By Creditors 2,500 By Creditors 8,700
( bal fig)
13,350 13,350
By Balance c/d 5,000
By Balance /cd 4,500 12,700 12,700
15,000 15,000
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 2,000 By Sales Capital 9,900 Furniture 1,000 Working Note WN 3 ) Creditos a/c
Plant and
7000 2000
To Credit Purchases 12,950 Cash Sales 3,500 Less: Drawings 1,200 Machinery Wn 1) Debtors a/c To Cash/Bank 3,500 By Balance b/d
Credit Sales 21,050 24,550 Add: Net Prfoit 6,100 14,800 Cash /Bank 2,800 To Balance b/d 2500 by Cahs/bank 8,000 To B ills Receiv 1,500 By Bills payable 200 add o/s w
To Wages 2,000 Debtors 4,000 To Bills Rec 500 By Disocunt All 250 To Discount Re 650 By Debtors 200 less os/ w
Less: Outstanding (p/y) 100 Bilss Receviables 4,500 To Crediotrs 200 By Bills Rec 12,000 To Bills Payabl 7,200 less pp e
By Closing Stock 3,000 Stock 3,000 By Credit Purchases add pp ec
Creditors 2500 To Credit Sales 21,050 Bal fig 12,950
Bills Payable 4,000 bal fig
To Gross Prfit c/d 10,700
( Bal fig) 27,550 27,550 22,300 22,30 To balance c/d 2500
By Baalcne c/d 4,000 15,350 15,350
Profit & Loss a/c for the year ended 31/12/2010 24,250 24,250
To Sundry Exps 3000 By Gross Profit b/d 10,700
To Rent, Rates 2000 By Discount Recd 650 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Discount Allowed 250 To Balance B/d 2000 by Cahs/bank 7,500 To Cash/Bank 6000 By Balance b/d 4000
By Debtors 500 To Crediotrs 200 By Crediotrs 7,200
To Net Profit c/d ( Bal fig) 6,100 By Creditors 1,500
To Debtors 12,000
11,350 11,350
By Balance c/d 4,000
By Balance /cd 4,500 11,200 11,200
14,000 14,000
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
Plant
45,000
To Opening Stock By Sales Capital 1,40,000 30,000 Working Note WN 3 ) Creditors a/c
1,10,00
27,000
To Purchases Cash Sales 24,500 Less: Drawings 15,500 Less Dep 5% 1,50 28,500 Wn 1) Debtors a/c To Cash/ bank 0 By Balance b/d add o/s c
2,35,00 Buildings
1,72,000
Cash Purchases 25,000 Credit Sales 2,10,5 0 Add: Net Prfoit 44,98 1.59.487 55,000 To Balance b/d 39,250 By Cash / Bank TO Discount Recd 1,250 by Credit Purchases 1,90,500 less os py
2,15,00
Credit Purchases 1, 0 Less Dep 2.5% 1,37 53,625 To Credit Sales 2,10,500 By Discount Allowed 1,250 To Blls Payable 50,000 less pp cy
Stock 90,000 By Bills Receivables 60,000 add pp ly
By Closing Stock 90,000 Commission Receivable 1,200
Creditors Cash 9,050
Bills Payable Debtors 16,500
To Gross Prfit c/d 65,000 O/S Exps 1,500 Less RDD 5% 825
( Bal fig) 3,25,000 3,25,000 Creditors 56,250 15,675 To balance c/d 56,250
Bills Payable 6,500 Less RFDD 2.5% 39 15,283 By Baalance c/d 16,500 2,17,500 2,17,500
Profit & Loss a/c for the year ended 31/12/2010 Bills Receivables 35,000 2,49,750 2,49,750
To Salaries 9,000 By Gross Profit b/d 65,000
TO Rent 6,000 By Discount Recd 1,850 Wn 2) Bills Receivables a/c Wn 4) Bills Payable a/c
To Interest 450 By Commission Receiv 1,200 2,32,637 2,32,637 To Balance b/d 10000 By Cash/bank 35000 To Cash/Bank 45,000 By Balance b/d 1,500
To General Exps 750 To Debtors 60,000 By Crediors 50,000
To Discount Allowed 1,250
To O/S Exps 1,500
To Dep on Bldg 1,375
To Dep on Pplant 1,500 By Balance c/d 6,500
To RDD 825 By Bal c/d 35,000 51,500 51,500
To RFDD 392 70,000 70,000
To Net Profit c/d ( Bal fig) 44,987

23,050 23,050
Trading a/c for the year ended 31/12/2010 Balance Sheet as on 31/12/2010
To Opening Stock 6,500 Capital 20,430 Fixed Assets 10,400 Working Note WN 3 ) Creditors a/c
Less: Drawings 5,000 Less: Dep 10% 1040 9,360 Wn 1) Debtors a/c To Cash/Bank 37,250 By Balance b/d 4,600 add o/s c
By Credit Sales 6,800 Add: Net Prfoit 645 16,075 To Balance b/d 5,240 By Cash/Bank 48,500 By Credit Purcahses less os py
To Credit Purchases 37,350 ( Bal fig) less pp cy
To Credit Sales 49,560 add pp ly
By Closing Stock 6,800 bal fig
Debtors 6,300
Stock 6,800
To Gross Prfit c/d 12,510 p/p Rent 600
( Bal fig) 56,360 Bank Overdraft 2,210 To balance c/d 4,700 37350
56,360 By Baalance c/d 6,300 41,950 41,950
Profit & Loss a/c for the year ended 31/12/2010 54,800 54,800
To Salaries 5,500 By Gross Profit b/d 12,510
To Rent 1,800
add" p/p l/y 300 Creditors 4,700
less: p/p c/y 600 2,500 o/s advt 75

To General Exps 3,500 23,060 23,060

To Advertising Exps 300
add: o/s c/y 75
less: o/s l/y 50 325
To Dep on Fixed Assets 1040
To Net Profit c/d ( Bal 645 Opening Balance Sheet as at
12,510 12,510 Capital ( Bal Fig) 20430 Cash / Bank 2,640
Fixed Asssets 10,400
Debtors 5,240
Creditors 4600 stock 6,500
o/s advt 50 P/P Rent 300
25080 25080