EX.6.

Trading and profit /loss accounts

Particulars Rs RS Particulars Rs Rs
To purchase 25000 By sales 32000
To gross profit 16000 By closing stock 9000

41000 41000

To salaries 5500 Gross profit 16000

Add; outstanding 500 6000
(5500/11*12)
To rent(100*12) 1300
Add: prepaid 100 1200
To provision for bad 2000
debts(40000*5/100)
To trade expenses 600
To net profit 6200
16000 16000

Balance sheet

Liabilities Rs RS assest Rs Rs

Capital 30000 Cash 1000

Add: net profit 6200 36200 Debtors 40000
Loan 10000 Less; bad debts 2000 38000
Creditor 9500 Advances 2500
Outstanding salary 500 Stock 9000
Bank 5600
Prepaid rent 100

56200 56200
EX.7. Trading and profit /loss accounts

Particulars Rs RS Particulars Rs Rs

To opening stock 40000 By sales 218000

To purchases 51000 Less: returns 2000 216000
Less : return 2650 48350 By closing stock 35000
To wages 26000
Add: out standing 1500 27500
To carriage inwards 1000
To gross profit 134150

251000 251000

To carriage outwards 500 By gross profit 134150

To salary 35000
To rent 3000
To discount 1100
To repairs 2300
To bad debts 1200
Add: provision 2250 3450
(45000*5/100)
To general expenses 450
To advertisement 3500
Less: prepaid 500 3000
To depreciation
1-machinery 4000
2-furnitures 600

Net profit 80750

134150 134150
 Balance sheet

liabilites Rs RS Assest Rs Rs

Capital 160000 Cash 1600

Add: net profit 80750 Debtors 45000
240750 Less; provision 2250 42750
drawing 45000 195750 Stock 35000
bills payable 35000 Bank 25000
creditors 70000 advertisement
outstanding wages 1500 prepaid 500
Goodwill 90000
Building 60000
Bills receivable 6000
Machinery 40000
Less: depreciation 4000 36000
Furniture 6000
Less; depreciation 600 5400

302250 302250

Ex.8 Trading and profit /loss accounts

Particulars Rs RS Particulars Rs Rs
To opening stock 5760 By sales 98780
To purchase 40675 Less :return 680 98100
Less: return outwards 500 40175 inwards 6800
To wages 8480 By closing stock
To fuel &power 4730
To carriage on 2040
purchases
To gross profit 43715

104900 104900
To salaries 15000
Add; outstanding 1500 16500 By Gross profit 43715
To insurance 600
Add: prepaid 150 450
To general expenses 3000
To carriage on sales 3200
To depreciation:
Machinery10% 2000
Patents25% 1500
Provision for bad 290
debts(14500*2/100)
To net profit 16775

43715 43715
Balance sheet

Liabilities Rs RS assest Rs Rs
Land &building 42000
Capital 62000 Machinery 20000
Add: net profit 16775 Less: depreciation 2000 18000
78775 (20000*10/100)
Less:Drawing 5245 73530 Furniture 7500
Bills payable 9000 Less; depreciation 1500 6000
Creditor 6300 (7500*20/100)
Outstanding salary 1500 Debtors 14500
Less: provision 290 14210
Cash in hand 540
Cash at bank 2630
Closing stock 6800
Prepaid insurance 150

90330 90330
Ex.9 Trading and profit /loss accounts

Particulars Rs RS Particulars Rs Rs
To opening stock 30000 By sales 177000
To purchase 60000 Less :return 1000 176000
Less: return outwards 750 59250 By closing stock 35000
To wages 10000
To carriage inwards 750
To gross profit 111000

211000 211000

To salaries 6800
To carriage outwards 1200 By Gross profit 111000
To depreciation plant 4800
(80000*6/100)
Provision for bad 500
debts
To discount 350
Bank charges 75
To advertisement 2000
To rent 10000
To interest on capital 5000
10%(50000*10/100)
To reserve for fund 2040
(81600*2.4/100)

To net profit 79560

112325 112325
 Balance sheet

Liabilities Rs RS assest Rs Rs
Plant/Machinery 80000
Capital 50000 Less: depreciation 4800 75200
Add: net profit 79560 (80000*6/100)
124560 Debtors 45000
Add :Interest on 5000 129560 Less: provision 500 44500
capital Cash in hand 900
Creditor 25000 Cash at bank 6000
Reserve fund 2040 Closing stock 35000

161600 161600

Ex.10 Trading and profit /loss accounts

Particulars Rs RS Particulars Rs Rs
To opening stock 15500By sales 207000
To purchase 106000 Less :return 5100 201900
Less: return outwards 2100 103900 By closing stock 14900
To wages 26000
Less: outstanding 2100 28100
To freight 2800
To gross profit 66500

216800 216800

To salaries 11000 By Gross profit 66500

To carriage on sales 4000 By reserve for 300
To general expenses 2500 bad debts
Less:including.insurance 600 1900 By sundry 1200
To bad debts 600 income
add: new provision 1500 2100
(30000*5/100)
To postage&,telephone 1400
To stationary 1300
To repairs 4500
To rent 3000
To depreciation:
Building 2% 700
Machinery 10% 5000
Furniture &fitting 15% 750
To insurance 600
Less:prepaid(600*3/12) 150 450

To net profit 31900

68000 68000

Balance sheet

Liabilities Rs RS Assest Rs Rs
Land&building 35000
Capital 90000 Less: depreciation 700 34300
Add: net profit 31900 121900 Machinery 50000
Less: depreciation 5000 45000
Creditor 9600 Debtors 30000
Outstanding wages 2100 Less: provision 1500 28500
Cash in hand 100
Cash at bank 6400
Closing stock 14900
Prepaid general 150
expenses
133600 133600