Home
Class 11
ACCOUNTS
From the following balances of M/s Kesha...

From the following balances of M/s Keshav Bros. You are required to prepare trading and profit and loss account and a balance sheet of March 31, 2017.

Adjustment
(i) Provision for bad debts @ 5% and further bad debts Rs. 2,000.
(ii) Rent received in advance Rs. 6,000.
(iii) Prepaid insurance Rs. 200.
(iv) Depreciation on furniture @ 5%, plant and machinery @ 6%, building @ 7%.

Text Solution

Verified by Experts

Books of Keshav Bros.
Trading and Profit and Loss Account
for the year ended March 31, 2017

Balance Sheet as at March 31, 2017
Promotional Banner

Topper's Solved these Questions

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise SHORT ANSWERS|8 Videos

  • FINANCIAL STATEMENTS - II

    NCERT|Exercise LONG ANSWER|3 Videos

  • FINANCIAL STATEMENTS - I

    NCERT|Exercise TEST YOUR UNDERSTANDING-II|4 Videos

  • INTRODUCTION TO ACCOUNTING

    NCERT|Exercise All Questions|35 Videos

Similar Questions

Explore conceptually related problems

From the following trial balance of Mr. A. Lal, prepare trading, profit and loss account and balance sheet as on March 31, 2017. Closing stock Rs. 15,000

Prepare trading and profit and loss account and balance sheet as on March 31, 2017 : Closing stock as on March 31, 2017 Rs. 22,400

The following is the trial balance of Manju Chawla on March 31, 2017. You are required to prepare trading and profit and loss account and a balance sheet as on date : Closing stock Rs. 2,000

From the following balances of M/s Nilu Sarees as on March 31, 2017. Prepare trading and profit and loss account and balance sheet as on date. Closing stock as on March 31,2017 Rs. 22,000

Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Closing stock Rs. 30,000

From the following balances, prepare Trading and Profit and Loss Account and Balance Sheet : Closing Stock was valued at Rs 30,000

The following information have been taken from the trial balance of M/s Fair Brothers Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as at March 31, 2017. Adjustments 1. Wages include Rs. 4,000 for erection of new machinery on April 01, 2016. 2. Provide 5% depreciation on furniture. 3. Salaries unpaid Rs. 1,600. 4. Closing stock Rs. 81,850. 5. Create a provision at 5% on debtors. 6. Half the amount of bill is recoverable. 7. Rent is paid up to July 30, 2017. 8. Insurance unexpired Rs. 600.

From the following balances of Anand, prepare Trading Account, Profit and Loss Account, and Balance Sheet as at 31st March, 2019 Value of goods on hand (31st March, 2019) was Rs 1,43,000