Question 10: From the following Trial Balance and other information, prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date: ‘Sundry Debtors Stock on 1st April, 2018 Cashin Hand Cash at Bank Plantand Machinery Sundry Creditors General Expenses Sales Salaries Carriage Outwards Rent Bills Payable Purchases Discounts Premises Capital on 1st April, 2018 Total Stock on 31st March, 2019 was Rs.1,24,500. Rent was unpaid to the extent of Rs.850 and Rs.1,500 were outstanding for General Expenses; Rs.4,000 are to be written off as bad debts out of the above debtors; and 5% Is to be provided for doubtful debts. Depreciate Plant and Machinery by 10% and Premises by 2%.Question 9: From the following Trial Balance of Mahesh, prepare his Final Accounts for ‘the year ended 31st March, 2019: Returns Outward Carriage Wages Miscellaneous Expenses Insurance Repairs Debtors Creditors Printing and Stationery Advertisement Bills Receivable Bills Payable Opening Stock Cash in Hand Interest on Bank Loan Machinery Furniture Drawings Commission 12% Bank Loan Capital RentReceived Cash at Bank Total Additional information: {) Closing Stock on 31st March, 2019 was Rs. 21,000. (ll) Rent of Rs. 1,200 has been recelved In advance. (ii) Outstanding liability for Miscellaneous expenses Rs. 12,000. (lv) Commission eamed during the year but not received was Rs. 2,100. (v) Goods costing Rs. 2,000 were taken by the proprietor for his personal use but entry was not passed In the books of account.Question 8: Following balances are taken from the books of Niranjan. Prepare Trading and Profit and Loss Account and Balance Sheet for the year ended 31st March, 2019: Opening Stock Plant and Machinery Furniture 000 | Purchases Sales Insurances. Purchases Retum r Seles Return Rent y Trade Expenses Salaries i Wages Bad Debts r 6% Investments Sundry Debtors i ‘Sundry Creditors Bills Payable Cash Advertisement Expenses r Miscellaneous income Patents Adjustments: {@ Closing Stock Rs. 7,50,000. (ll) Depreciate Machinery by 10% and Furniture by 20%. (ill) Wages Rs. 50,000 and salaries Rs. 20,000 are outstanding. (I) Write off Rs. 50,000 as further Bad Debts and create 5% Provision for Doubtful Debts. Also, create a reserve for discount on Debtors @ 2%. {v) Investments were made on 1st July, 2018 and no interest has been received so far.Question 6: Trial Balance of a business as at 31st March, 2019 Is given below: Stock on 1stApril, 2018, Soles Furniture Commission Plantand Machinery ReturnsOutward Debtors ,000 | Creditors Wages Capital Salaries Bad Debts Purchases Electricity Charges Telephone Cherges General Expenses Postage Expenses Returns inwerd Insurance Premium Cash in Hand Cash at Bank Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date after taking Into account the following adjustments: () Closing Stock was valued at Rs. 7,000. (il) Outstanding Ilabilitles for wages were Rs. 600 and salaries Rs. 1,400. (ill) Depreciation Is to be provided @ 5% p.a. on fixed assets. (lv) Included In Plant and Machinery is a machine purchased for Rs. 10,000 on 1st October, 2018. (v) Insurance premium pald in advance Rs. 200.Question 11. From the following Trial balance of Shubho, Prepare Trading and Profit and Loss Accounts for the year ended 315t March, 2021 and Balance Sheet as at that date: Pegs Caos Gaon Land and Building Purchases (Adjusted) Stock (31* March, 2011) Wages Salaries Office Expenses Carriage inwards Carriage Outwards Discount Allowed Discount Received Bad Debts. sales Capital Account Chatterji's Loan A/c (Taken on1* Oct, 2020 @ 18% p.a) Insurance ‘Commission Plant and Machinery Furniture and Fixtures Bills Receivable Sundry Debtors Sundry Creditors, (Cash at Bank Office Equipment’s Bills Payable Expenses Payable The following adjustments be taken care of: () Depreciate Land and Building @ 6%, Plant and Machinery @ 10%, Office equipment’ s @ 20% and Furniture and Fixtures @ 15%. (i) Calculate Provision for Doubtful Debts at 2% on Debtors. (i) insurance premium Includes Rs. 250 paid in advance. (Wy) Provide salary to Banerjee Rs. 15,000 p.a. (V) Outstanding Salaries Rs. 11,500. (vi) 10% of the final profit Is to be transferred to General Reserve.