Q1. The following trial balance have been taken out from the books of Adhithya & Dharmaraj Co.as on 31stDecember, 2005.   ...
2. From the following balances extracted from the books of DMTA & Co., prepare a trading and profitand loss account and ba...
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Final accounting assignment problems

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Final accounting assignment problems

  1. 1. Q1. The following trial balance have been taken out from the books of Adhithya & Dharmaraj Co.as on 31stDecember, 2005. [20] Dr. Cr. Rs Rs Plant and Machinery 100,000 Opening stock 60,000 Purchases 160,000 Building 170,000 Carriage inward 3,400 Carriage outward 5,000 Wages 32,000 Sundry debtors 100,000 Salaries 24,000 Furniture 36,000 Trade expense 12,000 Discount on sales 1,900 Advertisement 5,000 Bad debts 1,800 Drawings 10,000 Bills receivable 50,000 Insurance 4,400 Bank balances 20,000 Sales 480,000 Interest received 2,000 Sundry creditors 40,000 Bank loan 100,000 Discount on purchases 2,000 Capital 171,500 795,500 795,500Closing stock is valued at Rs. 90,000Required: Prepare the trading and profit and loss account of the business for the year ended 31.12.2005 and abalance sheet as at that date.
  2. 2. 2. From the following balances extracted from the books of DMTA & Co., prepare a trading and profitand loss account and balance sheet on 31st December, 1991. 20 $ $Stock on 1st January 10,000 Returns outwards 500Bills receivables 4,500 Trade expenses 200Purchases 39,000 Office fixtures 2,000Wages 2,800 Cash in hand 500Insurance 700 Cash at bank 4,750Sundry debtors 30,000 Tent and taxes 1,100Carriage inwards 800 Carriage outwards 1,450Commission (Dr.) 800 Sales 60,000Interest on capital 700 Bills payable 3,000Stationary 450 Creditors 18,650Returns inwards 2,300 Capital 17,900The stock on 21st December, 1991 was valued at $25,000.3. From the following balances extracted from the books of Dharmaraj & Co., prepare a trading andprofit and loss account and balance sheet on 31st December, 1991. Rs RsStock on 1st January 11,000 Returns outwards 500Bills receivables 4,500 Trade expenses 200Purchases 39,000 Office fixtures 1,000Wages 2,800 Cash in hand 500Insurance 700 Cash at bank 4,750Sundry debtors 30,000 Tent and taxes 1,100Carriage inwards 800 Carriage outwards 1,450Commission (Dr.) 800 Sales 60,000Interest on capital 700 Bills payable 3,000Stationary 450 Creditors 19,650Returns inwards 1,300 Capital 17,900The stock on 21st December, 1991 was valued at Rs25,000.

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