7. | 6oodwit ‘60,000 = 8, | 10% Bank Loan - | 400.000 9. | office Equipment 30,000 - 10, | Purchases 12,40,000 - 11, | Creditors = | 1,00.000 12, | debtors 215,000 - 13, | Sales = | 2050000 14, | Wages 2,30,000 . 15. | carriage 20,500 - 16. | Powerand lighting 15500 . 17. | Salaries 3.25,000 . 18, | Postage and Call 4200 - 19, | Printing and stationery 3,800 5 20. | Advertising 16,700 a 21, | insurance Premium 12,100 . 22. | Conveyance 13,200 . 23, | 108 Fixed Deposit 5,00,000 a 24, | Bills Receivable 100,000 ] 25, | Bills Payable - 80,000 26. | Drawings 160,000 7 '36,10,000 | _36,10,000 (2) Preparation of Trading and Profit and Loss Account and Balance Sheet ‘Trading and Profit & Loss A/e Dr. for the year ending March 31, 2015 cr Particulars = Particulars = “To Opening Stock ‘20,000 | By Sales 20,50,000 To Purchases 12,40,000 | By Closing Stock 1110,000 ‘To Wages 2,30,000 ‘Add: Outstanding Wages 15,000 | 245,000 To Carriage inward 20500 ‘To Power and tighting 15,500 ‘To Gross Profit c/d 5.49,000 ‘otal | 23,60,000, ‘otal | 23,60,000 ‘TosSlaries 11.25,000 By Gross Profit b/d 549,000 ‘Add : Outstanding Salaries 8,000 | 1,33,000 | By Accrued interest 25,000 ‘To Postage and Call 4,200 ‘To Printing and Stationery 3.800 To Advertising 16,700 To insurance Premium 32,100 Less Prepaid Insurance Premium (1,200) } 10.900 ‘To Conveyance 13,200 ‘To Depreciation Land and Building 20,000 Plant and Machinery 35,000 Furniture 5,000 Office Equipment 7.500 ‘To Outstanding interest on Bank Loan 40,000 ‘To Net Profit transferred to Capital Ale 2,98,700 ‘otal | 5,74,000, Total Accountancy ~ 12 4)