Mr. Bahadur does not know how to keep books of account. From his various records, the following particulars have been made available prepare the final Accounts, after providing for doubtful debts 5 per cent of debtors outstanding and depreciating the motor car @ `20` per cent.

Mr. Om Prakash did not keep his books of accounts under double entry system. From the following information available from his records, prepare profit and loss account for the year ending on March 31, 2017 and a balance sheet as at that date, depreciating the washing equipment @ 10%. Accounts from incomplete Records Other infromation:

From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date. Closing stock Rs. 10,000. 1. To provision for doubtful debts is to be maintained at 5 per cent on sundry debtors. 2. Wages amounting to Rs. 500 and salary amounting to Rs. 350 are outstanding. 3. Factory rent prepaid Rs. 100. 4. Depreciation charged on Plant and Machinery @ 5% and Building @ 10%. 5. Outstanding insurance Rs.100.

From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Adjustments 1. Closing stock was Rs. 45,000. 2. Provision for doubtful debts is to be maintained @ 2% on debtors. 3. Depreciation charged on : furniture and fixture @ 5%, plant and Machinery @ 6% and motor car @ 10%. 4. A Machine of Rs. 30,000 was purchased on October 01, 2016. 5. The manager is entitle to a commission of @ 10% of the net profit after charging such commission.

Mrs. Bhavana keeps his books by Single Entry System. You’re required to prepare final accounts of her business for the year ended March 31, 2017. Her records relating to cash receipts and cash payments for the above period showed the following particulars : The following information is also available : All her sales and purchases were on credit. Provide depreciation on plant and building by 10% and machinery by 5% , make a provision for bad debts by 5%.

Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd. from the following particulars. Adjustments 1. Closing stock was valued Rs. 35,000. 2. Depreciation charged on furniture and fixture @ 5%. 3. Further bad debts Rs. 1,000. Make a provision for bad debts @ 5% on sundry debtors. 4. Depreciation charged on motor car @ 10%. 5. Interest on drawing @ 6%. 6. Rent, rates and taxes was outstanding Rs.200. 7. Discount on debtors 2%.

Krishna Kulkarni has not kept proper books of accounts prepare the statement of profit or loss for the year ending March 31, 2016 from the following information: The following adjustments were made : (a) Krishna withdrew cash Rs 5,000 per month for private use. (b) Depreciation @ 5% on car and furniture @ 10% (c ) Outstanding Rent Rs 6,000. (d) Fresh Capital introduced during the year Rs 30,000.

Raghav & Co. have two bank accounts, Account No. I and Account No. II. From th following particulars relating to Account No. I, find out the balance on that account on December 31,2016 according to the Cash Book of the firm. (i) Cheques paid into bank prior to December 31, 2016, but not credited until after that date for ₹10,000 (ii) Transfer of funds from Account No. II to Account No. I recorded by the bank on December 31,2016 but entered in the Cash Book after that date for ₹8,000. (iii) Cheques issued prior to December, 31 2016 but not presented until after that date for ₹7,429. (iv) bank charges debited by bank not entered in the Cash Book for ₹200. (v) Interest debited by the bank not entered in the Cash Book ₹580. (vi) Overdraft as per Pass Book ₹18,990

The Balance Sheet of Mohit, Neeraj and Sohan who are partners in a firm sharing profits according to their capitals as on March 31, 2017 was as under: On that date, Neeraj decided to retire from the firm and was paid for his share in the firm subject to the following: 1. Buildings to be appreciated by 20%. 2. Provision for Bad debts to be increased to 15% on Debtors. 3. Machinery to be depreciated by 20%. 4. Goodwill of the firm is valued at Rs. 72,000 and the retiring partner’s share is adjusted through the capital accounts of remaining partners. 5. The capital of the new firm be fixed at Rs. 1,20,000. Prepare Revaluation Account, Capital Accounts of the partners, and the Balance Sheet after retirement of B.

Raghav & Co. have two bank accounts. Account No. I and Account No. II. From the following particulars relating to Account No. I, find out the balance on that account of March 31, 2017 according to the cash book of the firm. (i) Cheques paid into bank prior to March 31, 2017, but not credited for 10,000. (ii) Transfer of funds from account No. II to account no. I recorded by the bank on March 31, 2017 but entered in the cash book after that date for 8,000. (iii) Cheques issued prior to March 31, 2017 but not presented until after that date for 7,429. (iv) Bank charges debited by bank not entered in the cash book for 200. (v) Interest Debited by the bank not entered in the cash book 580. (vi) Overdraft as per Passbook 18,990.