https://docs.google.com/presentation/d/17m-FgFaVOd6FcF6YBvk_Uk1Nza3swB_THYm9bw4f_H4/edit?usp=sharing Final accounts with adjustments, trail balance transactions, trading account, p&l account, balance sheet

1. FINAL
ACCOUNTS
WITH
ADJUSTMENTS

2. Debit balance amount Credit balance Amount
Opening stock
Purchases
Wages
Carriage
Rent & taxes
Commission
Bills receivable
Factory expenses
Oil & fuel
Motor van
Trade marks
Debtors
cash
3,200
8,000
1,000
500
1500
900
1700
500
600
4,000
2,000
8,000
1,000
Capital
Creditors
Reserve for bad &
doubtful debts
Sales
Purchase returns
20,000
2,000
200
9,800
900

3. 1. Closing stock 5800
2. Depreciation on motor van 10%
3. Reserve for bad & doubtful debts 5%
4. Outstanding rent 500
5. Prepaid taxes 200
ADJUSTMENTS

4. particulars amount particulars amount
To opening stock
To purchases
Less: purchases returns
To wages
To carriage
To factory expenses
To oil & fuel
To gross profit
(transferred to p&l a/c)
To rent & taxes
Less: prepaid taxes
Add: outstanding rent
To commission
To reserve for bad & doubtful debts
(8000*5/100)
Less : old RBD
To depreciation on motor van
(4,000*10/100)
8,000
900
1,500
200
500
400
200
3,200
7,100
1,000
500
500
600
2,700
_______
15,600
_______
1,800
900
200
400
____
3,300
By sales
By closing stock
By gross profit b/d
Net loss (transferred
to capital a/c)
9,800
5,800
________
15,600
________
2,700
600
_______
3,300
Dr trading and p&l a/c of D traders for the year ending….. Cr

5. liabilities amount assets amount
Capital
Less: net loss
Creditors
Outstanding rent
20,000
600 19,400
2,000
500
___________
21,900
___________
Bills receivable
Motor van
Less : depreciation
trade marks
Debtors
Less : RBD
Cash
Closing stock
Prepaid taxes
4,000
400
____
8,000
400
1,700
3,600
7,600
1,000
5,800
200
________
21,900
________
Balance sheet for the year ended …

6. Debit balance amount Credit balance amount
Opening stock
Purchases
Drawings
Carriage inwards
Salaries
Wages
Rent
Bills receivable
Furniture
Insurance
Xerox charges
Trade expenses
Machinery
Trade marks
Advertisement exp
Import duties
Coal & water charges
Debtors
Bad debts
9,000
15,000
4,000
1,000
7,500
4,200
5,900
6,000
12,300
2,000
300
1,700
30,000
15,000
2,600
1,400
1,500
40,000
600
______
1,60,000
________
Sales
Interest
Commission
Capital
creditors
44,000
2,800
3,200
1,00,000
10,000
___________
1,60,000
___________

7. 1. Closing stock value 7500
2. Depreciation on machinery 12%
3. Commission received in advance 1200
4. interest receivable 1500
5. Further bad debts 400
6. Prepaid insurance 500
ADJUSTMENTS

8. PARTICULARS AMOUNT PARTICULARS AMOUNT
To opening stock
To purchases
To carriage inwards
To wages
To import duties
To coal & water charges
To G.P (trf.To p&l a/c)
To salaries
To rent
To insurance
Less: prepaid insurance
To Xerox charges
To trade expenses
To advt. exp
To bad debts
Add : further baddebts
To dep on machinery
(30,000*12/100)
To N.P (trf.To cap a/c)
2,000
500
600
400
9,000
15,000
1,000
4,200
1,400
1,500
19,400
---------
51,500
----------
7,500
5,900
1,500
300
1,700
2,600
1,000
3,600
1,600
25,700
By sales
By closing stock
By G.P b/d
By interest
Add: interest receivable
By commission
Less: commission received
in advance
2,800
1,500
3,200
1,200
44,000
7,500
------------
51,500
------------
19,400
4,300
2,000
25,700
Dr trading and p&l a/c for the year ending… Cr

9. liabilities amount assets amount
Capital
Add : net profit
Less: drawings
Creditors
Commission received
in advance
1,00,000
1600
1,01,600
4,000 97,600
10,000
1,200
_______
1,08,800
Bills receivable
Furniture
Machinery
Less: dep
Trade marks
Debtors
Less: further bad debts
Closing stock
Interest receivable
Prepaid insurance
30,000
3,600
40,000
400
6,000
12,300
26,400
15,000
39,600
7,500
1,500
500
______
1,08,800
Dr Balance sheet for the year ending ….Cr