Interested to Buy Any Domain ? << Click Here >> for more details...
Trial balance as on 31st March, 2014
Particulars Debit
Pula
Particulars Credit
Pula
Wages 14 100 Dividends received 4 300
Salaries 13 000 Bank overdraft 41 000
Opening Stock 40 000 Returns 1 000
Machinery 49 000 Creditors 14 200
Investments 30 700 Sales 258 500
Drawings 23 000 Capital 30 000
Purchases 130 000
Returns 2 000
Debtors 18 000
Advertising 13 400
Interest 4 800
Cash 11 000
349 000
=======
349 000
========
Additional information:
1. Closing stock is valued at P53 000.
2. Wages include P350 being advance against wages.
3. Wages include P1 000 paid for erection of machinery.
4. A purchase of stationery for P430 has been inadvertently included in the
Purchases account.
5. A sale of investments with a book value of P2 600 for P2 500 has been included
in the Sales Account.
6. Salaries include P150 per month paid to the proprietor’s domestic servant.
7. Machinery is to be depreciated by 10 per cent.
Required:
a. The revenue statement (Trading and Profit and Loss Account) for the year ended
31st March 2014 and
b. Statement of financial position (Balance Sheet) as on 31st March, 2014.
- 0 Answers
- 2196 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
we are going to purchase of new office. what is accounting entry for it if we made adv to party , some part payment paid to party. pls tell me & under which group ledger will come
i have selected jr. accountant/ auditor in ssc graduate level 2008 scheme b. but i have not yet received deptt. memo and also appointment letter. when it will be come??? how much time???
what entry can be done for the payment to auditor?
what is mean by sample account and data transfer rule in SAP FI?
What is the difference betwween letter of credit and contract of gaurantee.........in what situations these will issued by whom?
Discuss the consistency concept in accounting
What is step by step procedure to file e-tds quarterly teturn ?
Private purchases amounting to rs 5000 have been debited to purchases account
Please provide me the entire format of P.F. & ESI
what is journal entry for "Interest allowed by bank" and where does it come in pass book??
WHAT IS THE ENTRY IN 31 MARCH OR 1ST APRIL FOR PROVISSION FOR SALARY
What is Provision Entry
Audit 
