Let us now do a full question on final accounts.
Question
From the following Trial Balance, prepare a Profit and Loss Statement and Balance Sheet along with notes to accounts for the year ending December 31, 2007.
|
Dr. Balances |
Rs. |
Cr. Balances |
Rs. |
|
Opening Stock Land and Building Machinery Furniture and Fixtures Purchases Salaries General Expenses Rent Postage and Telegrams Stationery Wages Freight on Purchases Carriage on Sales Repairs Sundry Debtors Bad Debts Cash in Hand Cash at Bank Sales Returns |
15,500 35,000 50,000 5,000 1,06,000 11,000 2,500 3,000 1,400 1,300 26,000 2,800 4,000 4,500 30,000 600 100 6,400 5,100 |
Capital Loan From Mrs. Gurdeep Singh @ 9% Sundry Creditors Purchase Returns ... |
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