Question:1

Prepare a Trading Account from the following particulars for the year ended 31st March 2017:-

Particulars Particulars
Opening Stock 2,50,000 Purchases Returns 22,000
Purchases 7,00,000 Sales Return 36,000
Sales 18,00,000 Gas, Fuel and Power 75,000
Wages 2,06,000 Dock Charges 8,000
Carriage Inward 34,000 Factory Lighting 96,000
Carriage Outward 20,000 Office Lighting 5,000
Manufacturing 2,48,000
Expenses

Closing Stock is valued at 6,00,000.

Solution:
Trading Account
for the year ended March 31,2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Opening Stock 2,50,000 Sales 18,00,000
Purchases 7,00,000 Less:
Sales 36,000 17,64,000
Returns
Less: Purchases Returns 22,000 6,78,000 Closing Stock 6,00,000
Carriage Inward 34,000
Wages 2,06,000
Custom Duty 15,000
Gas, Fuel & Power 60,000
Dock Charges 8,000
Manufacturing Expenses 2,48,000
Factory Lighting 96,000
Gross Profit (Balancing Figure) 7,69,000
23,64,000 23,64,000

Question:2
From the following information, prepare the Trading Account for the year ended 31st March, 2017:
Adjusted Purchases 15,00,000; Sales 21,40,000; Returns Inwards 40,000; Freight and Packing 15,000;
Packing Expenses on Sales 20,000; Depreciation 36,000; Factory Expenses 60,000; Closing Stock 1,20,000.
Solution:
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Adjusted Purchases 15,00,000 Sales 21,40,000
Freight & Packing 15,000 Less: Return Inwards 40,000 21,00,000
Factory Expenses 60,000
Gross Profit (Balancing 5,25,000
Figure)
21,00,000 21,00,000
Note: Closing Stock will not be shown on the Credit side of Trading Account since it has already been adjusted
while calculating adjusted purchases.

Adjusted Purchases = Opening Stock + Net Purchases – Closing Stock

Question:3
Calculate Gross Profit from the following information:

Closing Stock 70,000

Wages 40,000
Salary 30,000
Sales 6,88,000
Adjusted Purchase 5,50,000
Solution:

Financial Statement of….

Trading Account
for the year ended …
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Adjusted Purchase 5,50,000 Sales 6,88,000
Wages 40,000
Gross Profit (Balancing Figure) 98,000
6,88,000 6,88,000

Note:

As adjusted purchases is given, it means opening and closing stock are already adjusted. So, these two stocks
will not be considered while calculating Gross Profit.

Question:4
Calculate cost of goods sold from the following:

Opening Stock 40,000 Wages & Salaries 10,000

Net Purchases 50,000 Rent Paid 15,000
Net Sales 1,90,000 Closing Stock 15,000
Solution:
Cost of Goods Sold = Opening Stock + Purchases + Direct Expenses – Closing Stock

Cost of Goods Sold = 40,000 + 50,000 + 10,000 – 15,000 = 85,000

Question:5
Ascertain cost of Goods Sold and Gross Profit from the following:

Opening Stock 32,000

Purchases 2,80,000
Direct Expenses 20,000
Indirect Expenses 45,000
Closing Stock 50,000
Sales 4,00,000
Sales Returns 8,000
Solution:

Question:6
Calculate Gross Profit on the basis of the following information:

Purchases 6,80,000
Return Outwards 30,000
Carriage Inwards 20,000
Carriage Outwards 15,000
Wages 50,000
3/4 of the goods are sold for 6,00,000.
Solution:

Question:7
Calculate Closing Stock and Cost of Goods Sold:
Opening Stock 5,000; Sales 16,000; Carriage Inwards 1,000; Sales Returns 1,000; Gross Profit 6,000;
Purchase 10,000; Purchase Returns 900.
Solution:
Question:8
Calculate Closing Stock from the following:
Particulars Particulars
Opening Stock 38,000 Sales 3,60,000
Purchases 3,40,000 Return Inwards 5,000
Return Outwards 4,000 Gross Loss 20,000
Freight Inwards 26,000
Solution:

Question:9
From the following information, prepare the Trading Account for the year ended 31st March, 2017:

Cost of Goods Sold 12,10,000

Opening Stock 50,000
Closing Stock 80,000
Carriage Inwards 15,000
Sales 15,00,000
Solution:
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Cost of Goods Sold 12,10,000 Sales 15,00,000
Gross Profit (Balancing 2,90,000
Figure)
15,80,000 15,80,000

Note:

So, when the value of cost of goods sold is given, the items used to calculate it
i. e. openingstock, netpurchases, directexpensesandclosingstock will not appear in the Trading Account.

Question:10
Calculate gross profit and cost of goods sold from the following information:
Net Sales 8,00,000
Gross Profit is 40% on Sales
Solution:

Question:11
Calculate gross profit and cost of goods sold from the following information:
Net Sales 12,000
1

Gross Profit 333 %

on Sales
Solution:

Question:12
Calculate the gross profit and cost of goods sold from the following information:
Net Sales 9,00,000
Gross Profit is 20% on cost.
Solution:

Question:13
Ascertain the value of closing stock from the following:

Opening Stock 1,20,000

Purchases during the year 9,30,000
Sales during the year 15,60,000
Rate of Gross Profit 40% on Sales
Solution:
Question:14
Calculate closing stock from the following details:

Opening Stock 4,80,000

Purchase 13,60,000
Sales 19,50,000
G.P. is 30% on Cost.
Solution:
Gross Profit = 30% on Cost
Let the Cost of Goods sold be 'x'
30
Gross Profit = 100 x
Cost of Good Sold = Sales − Gross Profit
30
x = 19,50,000 − 100 x
30
x + 100 x = 19,50,000
100x + 30x
100 = 19, 50, 000
19,50,000 × 100
x= 130 = Rs 15, 00, 000
Cost of Good Sold = Opening Stock + Net Purchases + Direct Expenses − Closing Stock
15,00,000 = 4,80,000 + 13,60,000 + 0 − Closing Stock
Closing Stock = 18,40,000 − 15,00,000
= Rs 3,40,000

Question:15
Calculate Net Sales and G.P. from the following:

Cost of Goods Sold 4,50,000

G.P. 25% on Sales
Solution:
1
Gross Profit = 25% on Sales or 4 on Sales
1 1
4 on Sales = 3 rd on Cost
1
Gross Profit = 3 × 4,50,000
= Rs 1,50,000
Cost of Good Sold = Sales − Gross Profit
4,50,000 = Sales − 1,50,000
Sales = Rs 6,00,000
Question:16
Prepare Profit and Loss Account for the year ended 31st March, 2017 from the following particulars:-

Particulars Particulars
General expenses 12,000 Gross profit 7,69,000
Charity 3,000 Carriage Outwards 20,000
Office Lighting 5,000 Office Expenses 16,000
Law Charges 5,800 Fire Insurance
18,000
Premium
Advertisement 14,200 Telephone
13,500
Expenses
Bank charges 1,200 Establishment
2,500
expenses
Commission 7,000 Miscellaneous
7,100
Expenses
Rent, Rates and 30,000
Discount Received 6,200
Taxes
Interest on 12,000
Traveller's salary 60,000
investments
Sundry Receipts 6,000 Repair 4,300
Indirect expenses 2,100 Commission Cr. 2,000
Printing and 1,500
Stationery
Solution:
Profit and Loss Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
General Expenses 12,000 Gross Profit 7,69,000
Charity 3,000 Interest on Investments 12,000
Office Lighting 5,000 Sundry Receipts 6,000
Law Charges 5,800 Discount Received 6,200
Advertisement 14,200 Commission Received 2,000
Bank Charges 1,200
Commission 7,000
Rent, Rates and Taxes 30,000
Indirect Expenses 2,100
Printing & Stationery 1,500
Carriage Outwards 20,000
Office Expenses 16,000
Fire Insurance Premium 18,000
Telephone Expenses 13,500
Establishment Expenses 2,500
Miscellaneous Expenses 7,100

Traveler’s Salary 60,000

Repair 4,300
Net Profit 5,72,000
7,95,200 7,95,200

Question:17
Calculate the amount of gross profit, operating profit and net profit on the basis of the following balances extracted
from the books of M/s Rajiv & Sons for the year ended March 31, 2017.
Opening Stock 50,000

Net Sales 11,00,000

Net Purchases 6,00,000
Direct Expenses 60,000
Administration Expenses 45,000
Selling and Distribution
65,000
Expenses
Loss due to Fire 20,000
Closing Stock 70,000
Solution:
Financial Statement of M/s Rajiv & Sons
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Opening Stock 50,000 Net Sales 11,00,000
Net Purchases 6,00,000 Closing Stock 70,000
Direct Expenses 60,000
Gross Profit (Balancing 4,60,000
Figure)
11,70,000 11,70,000

Profit and Loss Account

for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Administration Expenses 45,000 Gross Profit 4,60,000
Selling & Distribution Expenses 65,000
Loss by Fire 20,000
Net Profit 3,30,000
4,60,000 4,60,000

Working Notes:

Operating Profit = Net Profit − Non-Operating Income + Non-Operating Expenses

= 3,30,000 − 0 + 20,000
= Rs 3,50,000

Loss by Fire is a non-operating expense, thus, added to the net profit to arrive at operating profit.

Question:18
Calculate operating profit from the following:

Net Profit 5,00,000

Dividend Received 6,000
Loss on sale of Furniture 12,000
Loss by Fire 50,000
Salaries 1,20,000
Interest on Loan from Bank 10,000
Rent Received 24,000
Donation 5,100
Solution:
Operating Profit = Net Profit − Non-Operating Income + Non-Operating Expenses
Non-Operating Income = Dividend Received + Rent Received
= 6,000 + 24,000
= 30,000
Non-Operating Expenses = Loss on Sale of Furniture + Loss by Fire + Interest on Loan + Donation
= 12,000 +​ 50,000 + 10,000 + 5,100
= Rs 77,100
∴ Operating Profit = 5,00,000 − 30,000 + 77,100
= Rs 5,47,100

Note: Salary being an operating expense was already taken into account while determining net profit, thus, it will be
ignored now.

Question:19
A merchant has earned a Net Profit of 57,200 for the year ended 31st March, 2017. Other balances in his Ledger
are as under:-
Dr. Balances Cr. Balances
Cash at Bank 4,800 Bills Payable 3,200
Cash in Hand 1,200 Creditors 61,300
Furniture and 7,500
Loan 50,000
Fixtures
Debtors 80,100 Capital 3,32,300
Closing Stock 70,000
Motor Car 40,000
Building 1,50,000
Plant and 1,20,000
Machinery
Bills Receivable 4,400
Investments 20,000
Drawings 6,000

Prepare his Balance Sheet as at 31st March, 2017.

Solution:
Balance Sheet
as on March 31, 2017
Amount Amount
Liabilities Assets
Rs Rs
Capital 3,32,300 Fixed Assets
Add: Net Profit 57,200 Furniture & Fixtures 7,500
Less: Drawings 6,000 3,83,500 Motor Car 40,000
Loan 50,000 Building 1,50,000
Plant & Machinery 1,20,000
Current Liabilities Current Assets
Creditors 61,300 Closing Stock 70,000
Bills Payable 3,200 Debtors 80,100
Bills Receivable 4,400
Investments 20,000
Cash at Bank 4,800
Cash in Hand 1,200
4,98,000 4,98,000
Question:20
The Trial Balance shows the following balances as at 31st March, 2017:-

Dr. Balances Cr. Balances

Purchases 60,000 Capital 1,13,075
Sales Returns 1,500 Sales 1,27,000
Plant and Machinery 90,000 Purchases Returns 1,275
Opening Stock 40,000 Discount Received 800
Discount Allowed 350 Sundry Creditors 20,000
Bank Charges 100 Bills Payable 5,000
Sundry Debtors 45,000
Salaries 7,000
Wages 10,000
Freight : In 1,000
Freight : Out 1,200
Rent, Rates and Taxes 2,000
Advertisements 2,000
Cash at Bank 7,000
2,67,150 2,67,150

Closing Stock was valued at 35,000. Prepare Trading and Profit and Loss Account for the year ended 31st March,
2017 and Balance Sheet as at that date.
Solution:
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Opening Stock 40,000 Sales 1,27,000
Purchases 60,000 Less: Sales Returns 1,500 1,25,500
Less: Purchases Returns 1,275 58,725 Closing Stock 35,000
Wages 10,000
Freight inwards 1,000
Gross Profit (Balancing Figure) 50,775
1,60,500 1,60,500

Profit and Loss Account

for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Discount Allowed 350 Gross Profit 50,775
Bank Charges 100 Discount Received 800
Salaries 7,000
Freight Outwards 1,200
Rent, Rates and Taxes 2,000
Advertisement 2,000
Net Profit 38,925
51,575 51,575
 Balance Sheet
as on March 31, 2017
Amount Amount
Liabilities Assets
Rs Rs
Capital 1,13,075 Fixed Assets
Add: Net Profit 38,925 1,52,000 Plant & Machinery 90,000

Current Liabilities Current Assets

Sundry Creditors 20,000 Sundry Debtors 45,000
Bills Payable 5,000 Cash at Bank 7,000
Closing Stock 35,000
1,77,000 1,77,000

Question:21
Following is the Trial Balance of Sh. Damodar Parshad as at 31st March, 2016:-

Dr. Balances Cr. Balances

Stock 1-4-2015 10,000 Discount Received 750
Purchases 58,000 Return Outwards 2,600
Wages 4,700 Sales 98,650
Returns Inwards 3,520 B/P 3,000
Carriage on Purchases 2,360 Sundry Creditors 5,600
Carriage on Sales 710 Creditors for Rent 500
Office Salaries 4,800 Capital 40,000
Rent and Taxes 2,400 Loan from X 10,000
Cash 1,100 Commission 1,200
Bank Balance 7,820
Bad-debts 600
Discount allowed 640
Land and Building 20,000
Scooter 6,600
Scooter Repairs 850
B/R 3,500
Commission 1,800
Sundry Debtors 25,400
Interest on X's Loan 1,500
Drawings 6,000
1,62,300 1,62,300

Prepare a Trading and Profit and Loss Account for the year ended on 31-3-2016 and the Balance Sheet as at that
date. The Stock on 31st March, 2016 was 22,000.
Solution:
Financial Statements of Sh. Damodar Parshad
Trading Account
for the year ended March 31, 2016
Dr. Cr.
Amount Amount
Particulars Particulars
 Opening Stock 10,000 Sales 98,650
Purchases 58,000 Less: Return Inwards 3,520 95,130
Less: Return Outwards 2,600 55,400 Closing Stock 22,000
Wages 4,700
Carriage on Purchase 2,360
Gross Profit (Balancing Figure) 44,670
1,17,130 1,17,130

Profit and Loss Account

for the year ended March 31, 2016
Dr. Cr.
Amount Amount
Particulars Particulars

Carriage on sales 710 Gross Profit 44,670

Office Salaries 4,800 Discount Received 750
Rent & Taxes 2,400 Commission 1,200
Bad Debts 600
Discount Allowed 640
Scooter Repairs 850
Commission 1,800
Interest on X’s Loan 1,500
Net Profit 33,320
46,620 46,620

Balance Sheet
as on March 31, 2016
Amount Amount
Liabilities Assets

Capital 40,000 Fixed Assets

Add: Net Profit 33,320 Land & Building 20,000
Less: Drawings 6,000 67,320 Scooter 6,600
Loan from X 10,000
Current Liabilities Current Assets
Creditors 5,600 Closing Stock 22,000
Bills Payable 3,000 Debtors 25,400
Creditors for Rent 500 Bills Receivable 3,500
Cash at bank 7,820
Cash in hand 1,100
86,420 86,420

Question:22
From the following balances extracted from the books of Sh. Badri Vishal on 31st March, 2017, prepare a Trading
Account, P & L A/c and a Balance Sheet. Closing Stock valued on that date was 15,000.
Dr. Cr.

Capital 1,28,200
Household Expenses 10,000
Sales 1,80,000
Return inwards 4,000
Return outwards 6,000

Purchases 1,50,000
Cash at Shop 1,600
Bank Overdraft 15,000
Interest on Overdraft 1,500
Creditors 17,800
Stock at the Commencement 18,000
Freight 8,500
Rent and Taxes 7,000
Debtors 32,600
Commission 3,000 2,200
Freehold property 30,000
Sundry expenses 3,900
Salaries and wages 20,000
Life Insurance Premium 1,800
Insurance Premium 1,600
Motor Vehicle 39,800
Typewriter 8,000
Interest 800
Carriage inwards 2,000
Carriage outwards 800
Power 2,200
Audit Fee 1,700
Lighting 2,000
3,50,000 3,50,000

Solution:
Financial Statements of Sh. Badri Vishal
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Opening Stock 18,000 Sales 1,80,000
Purchases 1,50,000 Less: Return Inwards 4,000 1,76,000
Less: Return Outwards 6,000 1,44,000 Closing Stock 15,000
Freight 8,500
Carriage Inwards 2,000
Power 2,200
Gross Profit (Balancing Figure) 16,300
1,91,000 1,91,000

Profit and Loss Account

for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Interest on Overdraft 1,500 Gross Profit 16,300
Rent & Taxes 7,000 Commission Received 2,200
Commission 3,000 Interest Received 800
Sundry Expenses 3,900 Net Loss (Balancing Figure) 22,200
 Salaries & Wages 20,000
Insurance Premium 1,600
Carriage Outwards 800
Audit Fees 1,700
Lighting 2,000
41,500 41,500

Balance Sheet
as on March 31, 2017
Amount Amount
Liabilities Assets
Rs Rs
Capital 1,28,200 Fixed Assets
Less: Net Loss 22,200 Freehold Property 30,000
Less: Drawings* 11,800 94,200 Motor Vehicle 39,800
Typewriter 8,000
Current Liabilities Current Assets
Creditors 17,800 Closing Stock 15,000
Bank Overdraft 15,000 Debtors 32,600
Cash in hand 1,600
1,27,000 1,27,000

*Drawings = Household Expenses + Life Insurance Premium = 10,000 + 1,800 = Rs 11,800

Question:23
From the following balances of the Ledger of Sh. Akhileshwar Singh, prepare Trading and Profit & Loss Account
and Balance Sheet :-

Dr. Cr.
Stock on 1-4-2016 30,000
Stock on 31-3-2017 46,200
Purchases and Sales 2,30,000 3,45,800
Returns 12,500 15,200
Commission on
1,200
Purchases
Freight and Carriage 26,000
Wages and Salary 10,800
Fire Insurance Premium 820
Business Premises 40,000
Sundry Debtors 26,100
Sundry Creditors 26,700
Goodwill 8,000
Patents 8,400
Coal, Gas and Power 12,100
Printing and Stationery 2,100
Postage 710
Travelling Expenses 4,250
Drawings 7,200
Depreciation 1,000
General Expenses 8,350
Capital 89,760

Investments 8,000
Interest on Investments 800
Cash in Hand 2,570
Banker's Account 5,200
Commission 4,600 4,400
Loan on Mortgage 30,000
Interest on Loan 3,000
B/P 2,280
B/R 4,540
Income Tax 3,000
Horses and Carts 20,300
Discount on Purchases 1,600
5,21,740 5,21,740

Solution:
Financial Statement of Sh. Akhilesh Singh
Trading Account
for the year ended March 31,2017
Dr. Cr.
Amount Amount
Particulars Particulars

Opening Stock 30,000 Sales 3,45,800

Purchases 2,30,000 Less: Sales Return 12,500 3,33,300
Less: Purchases Return 15,200 2,14,800
Freight and Carriage 26,000
Commission on Purchases 1,200
Wages & Salaries 10,800
Coal, Gas and Power 12,100
Gross Profit (Balancing Figure) 38,400
3,33,300 3,33,300

Profit and Loss Account

for the year ended March. 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars

Fire Insurance Premium 820 Gross Profit 38,400

Printing & Stationery 2,100 Interest on Investments 800
Postage & Telegram 710 Commission Received 4,400
Travelling Expenses 4,250 Discount Received 1,600
Depreciation 1,000
General Expenses 8,350
Commission 4,600
Interest on Loan 3,000
Net Profit 20,370
45,200 45,200

Balance Sheet
as on March 31, 2017
 Liabilities Amount Assets Amount

Capital 89,760 Fixed Assets

Add: Net Profit 20,370 Goodwill 8,000
Less: Income tax 3,000 Business Premises 40,000
Less: Drawings 7,200 99,930 Patents 8,400
Loan on Mortgage 30,000 Horses and Carts 20,300

Current Liabilities Current Assets

Creditors 26,700 Closing Stock 46,200
Banker’s Account 5,200 Debtors 26,100
Bills Payable 2,280 Cash in Hand 2,570
Bills Receivable 4,540
Investment 8,000

1,64,110 1,64,110

Question:24
From the following balances prepare Final Accounts as at 31st March 2017:-
Particulars Particulars
Stock 1-4-2016 23,500 Freight In 1,100
Purchases 46,800 Freight Out 3,000
Sales 1,30,000 Rent Factory1/3, Office2/3
7,500

Productive Expenses 27,000 Legal Expenses 800

Unproductive Expenses 5,800 Miscellaneous Receipts 500
Trade Expenses 1,200 Sundry Debtors 30,000
Returns In 6,600 Sundry Creditors 16,100
Returns Out 2,800 Donation 600
Loose Tools 7,200 Bad-Debts 4,750
Trade Marks 5,000 Bad-Debts Recovered 4,000
Discount Cr. 2,100 Bank Charges 2,800
Salaries 9,600 Loan on Mortgage 20,000
Fixed Deposit with Punjab National Bank 10,000 Interest on Loan 2,400
Cash in Hand 1,300
Motor Vehicles 50,000
Leasehold Land 60,000
Capital 1,37,450
Life Insurance Premium 6,000

Value of Closing Stock was 36,500 on 31st March, 2017.

Solution:
Trading Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Opening Stock 23,500 Sales 1,30,000
Purchases 46,800 Less: Return Inwards 6,600 1,23,400
Less: Return Outwards 2,800 44,000 Closing Stock 36,500
Freight Inwards 1,100
Productive Expenses 27,000
Rent 1/3of7, 500 2,500
Gross Profit (Balancing Figure) 61,800
1,59,900 1,59,900
 Profit and Loss Account
for the year ended March 31, 2017
Dr. Cr.
Amount Amount
Particulars Particulars
Rs Rs
Freight Outwards 3,000 Gross Profit 61,800
Unproductive Wages 5,800 Discount Received 2,100
Trade Expenses 1,200 Misc. Receipts 500
Salaries 9,600 Bad Debts Recovered 4,000
Rent 2/3of7, 500 5,000
Legal Expenses 800
Donation 600
Bad Debts 4,750
Bank Charges 2,800
Interest on Loan 2,400
Net Profit 32,450
68,400 68,400

Balance Sheet
as on March 31, 2017
Amount Amount
Liabilities Assets
Rs Rs
Capital 1,37,450 Fixed Assets
Add: Net Profit 32,450 Trade Marks 5,000
Less: Drawings 6,000 1,63,900
Fixed Deposit with PNB 10,000
LifeInsurancePremium
Loan on Mortgage 20,000 Motor Vehicles 50,000
Leasehold Land 60,000
Current Liabilities Current Assets
Sundry Creditors 16,100 Closing Stock 36,500
Sundry Debtors 30,000
Cash in Hand 1,300
Loose Tools 7,200
2,00,000 2,00,000

Question:25
Arrange assets in the order of permanence:
Sundry Debtors, Stock, Investment, Land and Building, Cash in Hand, Motor Vehicle, Cash at Bank, Goodwill,
Plant and Machinery, Furniture, Loose Tools, Marketable Securities.
Solution:

Assets in the order of Permanence:

1. Goodwill
2. Land and Building
3. Plant and Machinery
4. Motor Vehicle
5. Loose Tools
6. Furniture
7. Investment Long − term

8. Stock
9. Sundry Debtors
10. Marketable Securities Short − term

11. Cash at Bank

12. Cash in Hand