Home
Class 11
ACCOUNTS
The following balances have been extract...

The following balances have been extracted from the books of M/s Green House for the year ended March 31, 2017, prepare trading and profit and loss account and balance sheet as on this date.

Adjustments :
(a) Machinery is depreciated at 10% and buildings depreciated at 6%.
(b) Interest on capital @ 4%.
(c) Outstanding wages Rs. 50.
(d) Closing stock Rs. 50,000.

Promotional Banner

Similar Questions

Explore conceptually related problems

The following trial balance is extracted from the books of M/s Ram on March 31, 2017. You are required to prepare trading and profit and loss account and the balance sheet as on date :

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 as on March 31, 2017 : Closing stock as on March 31, 2017 Rs. 22,400

From the following balances extracted from the book of M/s Manju Chawla on March 31, 2017. You are requested to prepare the trading and profit and loss account and a balance sheet as on this date. Closing stock was Rs. 2,000. (a) Interest on drawings @ 7% and interest on capital @ 5%. (b) Land and Machinery is depreciated at 5%. (c) Interest on investment @ 6%. (d) Unexpired rent Rs. 100. (e) Charge 5% depreciation on furniture.

From the following balances prepare a trading and profit and loss account and balance sheet for the year ended March 31, 2017

The following is the trial balance of Mr. Deepak as on March 31, 2017. You are required to prepare trading account, profit and loss account and a balance sheet as on date :

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

The following balances were extracted from the books of Shri R. Lal on March 31, 2017: Prepare the trading and profit and loss account and a balance sheet as on March 31, 2017 after keeping in view the following adjustments : (i) Depreciate old building by Rs. 625 and addition to building at 2% and office furniture at 5%. (ii) Write-off further bad debts Rs. 570. (iii) Increase the bad debts reserve to 6% of debtors. (iv) On March 31, 2017 Rs. 570 are outstanding for salary. (v) Rent receivable Rs. 200 on March 31, 2017. (vi) Interest on capital at 5% to be charged. (vii) Unexpired insurance Rs. 240. (viii) Stock was valued at Rs. 14,290 on March 31, 2017.

The following balances were extracted from the books of M/s Panchsheel Garments on March 31, 2017. Prepare the trading and profit and loss account for the year ended March 31, 2017 and a balance sheet as on that date. (a) Unexpired insurance Rs. 1,000. (b) Salary due but not paid Rs. 1800. (c) Wages outstanding Rs. 200. (d) Interest on capital 5%. (e) Scooter is depreciated @ 5%. (f) Furniture is depreciated @ 10%. (g) Closing stock was Rs. 15,000.

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

Recommended Questions
  1. The following balances have been extracted from the books of M/s Green...

    Text Solution

    |

  2. जैव-विकास का क्या अर्थ है? इसकी पुष्टि अवशेषी अंगो तथा भौगोलिक वितरण स...

    Text Solution

    |

  3. एक लम्बे तार में 10.0 ऐम्पियर की धारा उत्तर से दक्षिण की ओर प्रवाहित ...

    Text Solution

    |

  4. एक इलेक्ट्रॉन धनात्मक Y -अक्ष की दिशा में 2.0 xx 10 ^(6 ) hat j मी/से...

    Text Solution

    |

  5. प्रदत्त चित्र में दो लम्बे समान्तर धारावाही चालकों में 1 ऐम्पियर तथा ...

    Text Solution

    |

  6. 2xx10^(-10) मी त्रिज्या के वृत्ताकार मार्ग पर एक इलेक्ट्रॉन 3 xx 10 ...

    Text Solution

    |

  7. एक व्यक्ति कुछ घनराशि 1296 साधारण ब्याज की दर से तथा कुछ अन्य राशि 10%...

    Text Solution

    |

  8. एक व्यापारी 4 थैले चावल और 10 थैले गेहूँ 3600 में खरीदता है । वह...

    Text Solution

    |

  9. एक यौगिक में तत्व A तथा B घनीय संरचना में क्रिस्टलीकृत होते हैं । परमा...

    Text Solution

    |