Leoa |] «PEA PENDI TURE: a |S capital : S Revenue Deferred! -yeverue || gives trunepit bee sep trnmestiate die Sed te pul qt delayd : longe-sturm., berepit: edounet Create Ary Ale. lavd » Puildivg, _ Cheuk, gotary, Jnsuae, CAds expente) [hebiwinaay en) Wanslintry, Jusnitive) Setting Eoep ) ine ibe: of awk @ reduce toe (S)_Tno o| unis prodn epee | walukena wre walt revenue but cawesclinea GRITHL IE 4 ‘ _ S oproting fevtuut . fe oT &_ Now: 1 operate ug pues =P Neves eortued hows tre | reve wer! pew grt (ore pokivity at tae Louspanity pla than te foke activ ap 2up_in cussed hows clay jo => ep ohn tron eo olay to aid tp Re dotivi ¥ Lycos + (Selung Ardtune Geren he vela teal fo busi nos be CHAU emoote pune & basi we N (ot Ate Revers] TRADE Revers: Deblors —> Asse me Pere le [TRE PAYABLE + Creatine —> Liability vs roe CAPITAL + Fowl wa dole popietiritele ji, ovly OMe payon iS a ‘mwa elie taplial (Oly pou suaee Cp > Conspans Von / oe ot Ste S veoluts ea pila. DEMWINGE: Paxxon —Witndhyavnls, jn ole prpiedmate = Mucawy vovitten at PV. - aeva autenel Squrty f a ati ty re - : _——— At Nolcter's Suity 3 Short Capital Lat tite Vatu 9!) SSS \ SeuuiWer eine £ Sihamanay tivated py of / | Aewarutatssl Depit [page 7 8) ree + cou yr) Coupery belowgs fo tH. Profit eles houlougs fy Resewes OvTrsipe ABILITY —> Loy Fern sind taben ie Comet _ Feu Felebe ntares bovelt, loos) Fo pat oy hae os : WHI 8 ue Ctveatitone, 4 yr (9 mmee “4—exP [salary vent) 7 a __ Bins payable) —[x teh, taptiat $ Isatae te 1 EHSL eer d= debit ee eH PMelOMs mace Yor We goocle [involved in teve avivi — Cows} drrel _an_exPENLE -4 selling gpecls = Shes 0 iL avy yo te Lerpver> KseTC Invewtny) _ 4 e b ce me Crt brows), y eee towed st pia Ff [eiscount] 3" given c SBS yo somone => EXPENEE je basi { © ab recievect Crwilad prow sonrcone => INLOME Joy busines peciwecl. ee % trade distor] neva vevevoed in bos gy AlOuuHGg,, price a a aurte mo cally. molutes! a| AcvovaTina Een + eee Assets = Gaga iihes i | [Assets = Outside Linh + Capital] Assefi =dyay = 0|$ Liab + Capital — = [dade] pte TB) Stentedl pusivuas tof cath @ 4100) 000. | Puen iprent fer cash & 150,000 Lune equip er = oo VU goods on erectit F100, 000 - € Toot low pow bank & $0,000 | Deposited im bank aw ® £0, 000 Selal_goccls to Hugo %_50,000 Jor _ #65000 on trrect t | Sald_qoeclt costing 50, d00 Wy 1,0 _in Cm I Paid veut & B)b00 | ALC revels not 4000 1%, 000 26,900 — f) 8S) 000 ioe) a ee Sd aren erase ee Pesqna 65,000 93 2haaf, To Back deni ap : AA dele revel Heane > Tattome Cib vedi eveol) ME vedeved > witha hw DINE Yor Burbs | Adunt givink => clete hai => EnPENse yoo busivun | | Salead aut uf take ‘700000 Laer 0p | Deposired cash ilo hank 4.4000 ~ pert fur'vow - 6 | Purcliaca qvods yoy cas $0000 ws {-oaclatel_gosch_ppee B 20000 On Credit | Sold goood ov cast costing Wok © / 4Boov ¢ | Sold gags Jo Rawr coting 20h @ au ve pn Cred E | windvawn can yom hank ($000 ____|| Paid ‘pi ___@2sPo0 “25000 4 disiunt olprved 1900 “| Pucciand junit, ipp0e Py Oleg, Ea | Revel yom Raw [$000 4 distenett Ae 1500 __ = Paid salosy 4 veuk S000 , 2000 7 : re . : i Ledge ie i Bate Call cr Lor [ug ‘a 1 tat or | Com ALC De | 290009 | To Capital AC | _2sg000 Rour HC De 15000 es WwW (osm ale 75 p00 PE Purchoe AC De sv000 a | To Case A re s0000 ——¢ — 7 Pct fle ov 30000 [ eR we Ae : i te (anh Ale oe bel 48000 | 7 & | to Sats Me : | - b Cove Be 1C Dx | _|- e400 _ Soin MC sures cL __ te Ispo00 __ Powe Me NN iiss | Bast seus a | a bial iene ha | (oi Rigor Qeuewd i fe Fosuilune ALC ve Oooo Ei Ao, bank Ale ae jo ssaseey ola | my bal bel poAL ARY im | | Yount |pake partieulon y Fret 1009 | _ P4_ fas WC | atlor By bat ele | att uk urtor x ail | Py bal clot sod |_| sveo ne i | sp00 aes bat bhel SD00 | \~ : ped lretieeal | — [Rent afc Dale Prk color Hae Dalel Partcular | To tagu Me 2000 ain] ey bar efet |” fl 7000 |G pal atel 2dodoVie f \ \/ Vy ete Pesos oS \/ > Keseiasaa [FoA_|__] Pat cular Uy | vebit Ault Cov] | Cvedic pat Pen) | or for (asu ALC Dy | Jov, 000 LL to Capival Me | | [00,000 osfor Raut Alc ies 45,000 - To (asu Alc 15,000 4 bor Sraliovary brpense Alc! 500 To _(asn_Ale 500 slg Puachoses MC Py 20,000 To (osu_Ale. 20, 000 pale Purse Al tv 25,000 | To B's AIC | 25,000 vslot + Cosa Ale br I 15, 000 yo Sales ale | I 15,000 ogtor C's Me bw | | 18, 000 | Wo Sales Ale | 18) 600 wtor 4 Com AO Dy | vy) 000 toon Ac | | 10) 000 le es alc. or | | osp00 Jo Cat Ale 5 Lo _piscouul Reitvedte| 500 bor ar (osm Ate | 14, 100 = | bisrouwt Altova Ae ave 7 re eu Most joesDate) Pai cuter E I Te (apital ale | Ht ale | Alo {Io Sates | to A awk Ate Tas Mle] Awat | Datel paatii | Nooo | | ay Rawle Ale / ke by Shationnyp! ¢| SOOmgae 10000 _| Pay PrrcvaeAte| | 20000 4,700 |_By Als AIC 24, $00 | by Salary Me} | 2000 By bal cfd 20,700 2700 ie 4 ©. By Cosh Me 190,000 100,000 Bu talon be 10,000 : By hal Cel SS, 000 __ 1571009 715,000 | To bet bid 65,000 ee [staripnary Hel, = a Ts Gen Ale 500 By hal efet S00 = : 500 Do Te Bed ble 500 aa [Porchases| are | Te Cash MC 20,000 Bu bal crel Ys) 000 ; To Bs AIC 25,000 lz 45,000 %§,000 To bo bel 4s, 000iy Asset, exp > alemit hal ~yine L / Liab; Income > Credit: > exp y ee : oe [td \ Aten Pastituter |) fvedt [male Padrieuter yl] vet wali Bs Me | he Poy Purcrmedle| |) 2 $000 \ co | - Qsvov sfetzcl ~25d00 [e's Ime] [ipa ie | to. calles ale. 13000 By Casale [|i ter700 {a oes andle ) 300 1000 by [[ 78000 c [ise wlowes #12) | To ps He 300, | Ay pated | goo 300 | 30. do bal bd 00 | : ‘ Poigcovatt | eevin are]; | ! To bit sel el * spo as By bis AlGpal $0U S00 . i | oO ew | By al Heil bi rep0 | TRIAL aman, Cee aT ; C Paattu Dy Ark OE Ov Mk 7 Cos Ale 207100 (opitas MMe 10000 Bour AMC good Stafiovous Al 00 Peneeseen Purcynys MO 4oo00 fe Sos ALC ob ory phe 2000 916 nod Me i 00 wee Al Ale 300 i : peeeeeaeeeesj @ / X Wade discouut never noled’ in books e atountig | | 3 / s / i ets Rudo cally vedured- / 8) OSlA qpudt im Gnind ak Live price 4 1080 4 allough i = Aisvounky £ y. (Ase / (O Purciased quot jpom_ Sritaut of Ley F200 # be ally [S | yg i0't trasle ise j ZOEK 4 cheque te Svilcaut it Will Htlenant 4 oF 1750 |" é X@ ford cheque youn Covina fer L810 ix full selene {2 Revovewd pen Sudha an old amt written ff as bad copy eee: : i 1 tases “rele pena Rowan ler £100 @ ous Mec cluste defective picus Wory Foo 2 © Godse Ape worl £10000 —__— ae | Gveds retrcnssl by ABO dine to PO _ quality yor #1000 a Ea Purchax Rehun > bp b Inet 3 trae 7 Seles _Pelun —» eupt ane dl —9 debe. H — a Date tosis te | |, Ollow He Br foo | eit Riee A) AC be. 5 i sienna To Sales fe Sai py © Pyusrroys HO tyr | : 3 10 Grow MC | “1800 = ———— } — a | A © Seiovk Me ov Eee | Jo Dise Pevd Mo | To Rave MO LL tos Me tr | : God dee wteovord | | 500fab eulad |e | ey pur |b aces — chm ALC Sy __ 1000 Vw Ronan Alc | 1060 Ale _ om | hav Vo Peutnay Rebtel Ale tov _ | | @Lages He by | reo0e € To Sal Me | 10000 Gh Satu Ret Me Dox | 1000 | qo ARC ALC | 1000 tron Gg Ac = al np relakel © fatty , [rages] iC 3 Gress pit | Loss = $RorT Loss He arent 4 OYA, [Salary], all viru ep te Aloe woh bidet ¢ [> Opening Stock: Asset > Baal = Purch, sales Ret - | Cloasng Stock: al Creait| oY ty > by = |r Gyoss PRoriT | —> Pir are Cy < Dy | By thous Loss = > Demit + AN oposs Toten than Jauiny ) 10 Cross loss y Ovectit * By Cros ope Olu intone ‘revd [yet revel, —____@wuaultiion , royalties = > es By Net LOSS > incy Or_> Ov + To Net PROUT > wrltn in by whe.ty Vv + : vel 3 i ) he sone “wdnutleanbage Mold (> & 3 COM 3 ee ty sDvctuig rooulel by mowhionntr— © wos =_ < ps a Toy _aw_prep, fu_ens a pO? Balonte Sneek A not an arwunt $0 10 aep'r 4 L PA Tetcling ibn Loss! Hon atiouat so toy oi. debit 4 pryeatit sales. PF Credit Side. Louly Liobititier 6 Asse ’ Ly La lan be peeponed af en parliculat Hine ——_|Cm_ Tran tq 3) Mau oo ("f || Poti cutors Aww Rashard Sale Elo fuseun 40,000 = Bu Sp fos 144,090 to frcigut fours, -2000 (ou CS since) Ay coo 2a To Maw fe Usaees i Total 182 90 Te ra Sloe Partie “ To tv ‘ Tue vel luis oop Ms 00 = Ueigut om setting To Satori es 4000 a To Alice Crp oot 0 =| To Bevat Strv0 to Thuasne uve dopet boo sb To Nek pit 2200-9 (2p ) GQilow sdel_ to Qyperald Ansunane Premium ti _padtol fox eutive fea, we consider its — Me aae_wao bug He: for ALMA BI, 20S we AL peepayi = Hat wienante Amount goo Cb nsoutus in adlvane } ‘ Tysmave > 400 i fee ‘™, 200 bo ‘a | * At Ey Usrwout = tye ef ons i Ae > IESE — Trees ste Cly aiaey F ACh ingprob wsill have 2 impale rays Y 6 Salary 1-4 p at Hey Solin Pot Hc Cihice oy PREEAT Sloss He — hak Pakulons fete |PROFIT Logs He Ae e — = be, boets rapt 200 an ee Je 15 400 290 1300 ©$ 500\ ere in — Sales Return \ \setuns ont — Perna Return ‘ \ BALANCE SHeer t | Lt Arvak A AL Cyd s 20,000 — Bills Revbl @ille Pana ble 3150 = Seblurs \ TW combat 4100 = Bone el Mee poy E 25500 = Furns Pus —_ Us Stork “55-160. __& Ganda)TASC Qtlowed —exp \ ise reve - inroure S10 ee = 1 $0, 000 © Depetiote faut pope > efuipnnt by | TR BALANCE [eal bel J Tama ly oe Amar AB Bape] Oy duck _ pita a 4,18, 400 ct 20,000 4 wise 14,400 Pub ranted 15 1900°O am fy Loon ou Pave ps0 4d deni 1000 4 bins Cyeatitos 45000 2,409,000 65000 i) 1:8.500; ) i 350, 319000 | | YI0SN) 1,900 | 9X 16,000 Four Y Roses 8500 Sisto 6300 bre {1,200 tyne lant 10, 25D note 162,000 tee Tred - G7 Gandarave PROPOSES avedrnd —+ LiabiUtied goed Trading Me Coed Pout tos fat P aati eto Anse we Pee Wastes yeqo000 [> By sates dis 99000 Lo Ope ing Sloe 73509 |= By (loving Stock iso, 000 Tou boa Lop poo ape : : pute 406 Poy 't £6, 0U i 1 tod Poopk 4 loss Adc CuI Poabicatar | tak Pack wtas uae To banal Grpense | 14,400 forwctenas)® | S950 Tr hb Rout & vate 8500 = By Tyrtewte | 150 dt te discouwe 6) 300 ~8y OP | s,90 =p Te Frigut 200 ~ by, Govision yor | 16000 I tntowe pox. 1p) 250 bast eek | @ Loe dictinnon | 31500 | uel 4 sis) | By Net ore po 0 0. 1909 LesesoBalance Sheet |_Licupiti ries Mare |: Asses “bys tal 4-138, 400 = Debtors Pra singe (>| (20, 000) [= Tnveslmanet = Lan pow Baws 25,000, tosn_on how ol 1,000 [= pPe(-1o'/ op) | i 2av000 ~lan @ bowle 162,909 4eyo00- | Looso | » | | Deprecs #T0N = Shagus Gue Metrod Cteny G& (wb) (Y not speeipi acl) 2 des unt —> GSSefs (Bal sarahValvittes Doon Vater Bolarre Metto cf Cite) wtthines | tawh, re Aten! ted SV vet ues Ecce Depot ——_| Stroud tne Mettiod. | Sef Theta Itment Hetted seta = JOT, pstoee gto Op JOM ml Wgeao Jonas o09x% Groa _ Btoae 16 Bie 12406 Teaon W286 65702 goose Oe tal d buek OME “We Auch | 2 Proce vray >| Horhuc tron “Lhait Meitrscl uw ear Got Melt ad) i iy ay e%Ah of L Trac Neount \Poetiealars | Arrow Riebeulare Braun Na Racchones 20,000 |Buy Sater lo 4a B Freiqnton Muchos 2000 BY, Ga. 23000 lb Moviys Wage, | (2500 x (tat 00 He oparing Moe js oe ~ (k45e0 fe Sass Yeolt 28300 L- \ { li Drssount | Vabyretovs | \ oka flo tenvelteos Exp. — G60 [By ArutstfuiDel:ts 3 Bato wed _| 4006 \! foonfies | {is Mliceetlewenus, Exp | 1000 Gross pet My Rent _ Suoo |~ (twtr 80 e180: bea Mia _Vepreciation |g n0 - Ole ind 600 | = testo | IoNP 19680 Enlonee Ghee i —beplalcten | Aste - \Crochave fovod fry Mh mbland 205 ___—_fapttal__Soo0ee Peblovy aca Ago Decuuartn ty -6060 frsh_al Bawh S200 Tale toon. 7 Vestas ____546 | 7 Phe BO a IMAP Aéfred | BuU1 30 KaceyPREPARATION OF FINANCIAL STATEME he igus extracted fram the books of Krishna (Table 5.36), you are required to prep jot and loss accounts forthe year ending Match 31,2015 and abaanceshees gat igthe necessary adjustment, ' able 5.36 Trial balance of Krishna as on March 31, 2015 Debit Amount (Rs.) Credit Amount (Rs,) “Cpt faite 473,900 Drawings : Purchases 1,570,000 General expenses 19,900 Loan from Ram 25,000 Bad debts 1,000 Debors/ereditors 95,000 290,000 Investments 65,000 Stock as on April 1, 2014 273,500 Cash on hand 3,350 Sales 1,850,000 Property, plant and equipment 315,000 Dividends © 5,350 Wages . 100,000 Provision for bad debrs 16,000 Rent and rates 8,500 Discount 6,300 Freight 11,200 Income tax 10,250 Cash at bank 162,000 Interest 750 2,661,000 2,661,000 astments: Stock on March 31, 2015 was valued at Rs. 150,000. = dividend is Rs. 1,350, Outstanding wages are Rs, 4,500, Rates paid i - 1,000. Mite of further bad debts of Rs, 3,000 and maintain a provision of 20% on suri doubtful debes, evident ProPerty, plant and equipment @ 10% pa, Trait for interest at 129% p.a, due on loan taken on 1.6.2014, some tax paid has to be treated as drawings.