Q.No.3 (B) Following is the Tnal …

Q.No.3 (B) Following is the Tnal Balance of Ram Lal on 31st December, 2010 Debit Balances: ( 7,500 Bank Purchases Salaries 34,96,000 Credit Balances: Capital 21,000 Bills Payable Camage on sales 2.500 Loan Camage on purchases 2,000 Sales Lighting 1,500 Discount Building 1.35,000 Commission Rates & Taxes 2,000 Sundry Creditors 50,000 36,00,000 2,000 500 Sundry Debtors 40,000 Furniture 30,000 Cash in hand 1.250 Bills Receivable 7,500 Stock (31st Dec 2010) 3.06.250 Rates have been prepaid to the extent of t 600. During the year, bad debt amounted to 2.500. A provision 5% has to be made on debtors. Buildings have to be depreciated at 2% and Furnitures at 10% Prepare the Trading and Profit & Loss Account and the Balance Sheet as on 31st Dec, 2010 (Ans. G.P.1.02.000; N.P. 68,025: Balance Sheet Total 5,18,025)

To sale account entry

Q.No.3 (B) Following is the Tnal Balance of Ram Lal on 31st December, 2010 Debit Balances: ( 7,500 Bank Purchases Salaries 34,96,000 Credit Balances: Capital 21,000 Bills Payable Camage on sales 2.500 Loan Camage on purchases 2,000 Sales Lighting 1,500 Discount Building 1.35,000 Commission Rates & Taxes 2,000 Sundry Creditors 50,000 36,00,000 2,000 500 Sundry Debtors 40,000 Furniture 30,000 Cash in hand 1.250 Bills Receivable 7,500 Stock (31st Dec 2010) 3.06.250 Rates have been prepaid to the extent of t 600. During the year, bad debt amounted to 2.500. A provision 5% has to be made on debtors. Buildings have to be depreciated at 2% and Furnitures at 10% Prepare the Trading and Profit & Loss Account and the Balance Sheet as on 31st Dec, 2010 (Ans. G.P.1.02.000; N.P. 68,025: Balance Sheet Total 5,18,025)

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