D Discount PPRACTICAL QUESTIONSShn Dev Swaroop Stores appeared on 31st March, 2016 as below. PrepareProfit & Loss Account and Balance Sheet as at 31st March, 2016:Dr. Balances :Stock (1st April, 2015)57,500 Interest on Mortgage1,500Purchases T1,60,000 Cash in hand250Productive Wages -65,000 Cash at Bank27,250Carriage2,750 Buildings40,00013,000 Machinery15,000Travelling Exp. - 15,000 Horses & Carts5,000Salary20,000 Sundry Debtors32,500Insurance Premium1,500 Credit Balances :Commission3,250 Sales -3,00,000Rent & Taxes5,000 Mortgage30,500Stable Exp.1,950 Capital1,06,550Repairs1,050 Sundry Creditors21,000Sundry Exp.550Adiustments : On 31st March, 2016 the stock was valued at 60.750. Rent and Taxes 300 were paid in advance.Depreciation is to be written-off at 242% on Buildings. 5% on Machinery and 742% on Horses and Carts.Provision is to be made for doubtful debts at 5% on debtors and a provision for discount is to be made at 242%on debtors and creditors. Premium 7 200 is outstanding.Ans. G. P. 75,500; N.P. 18,803; B/S Total 1,76,528

D Discount PPRACTICAL QUESTIONSShn Dev Swaroop Stores appeared on 31

1.	D Discount PPRACTICAL QUESTIONSShn Dev Swaroop Stores appeared on 31st March, 2016 as below. PrepareProfit & Loss Account and Balance Sheet as at 31st March, 2016:Dr. Balances :Stock (1st April, 2015)57,500 Interest on Mortgage1,500Purchases T1,60,000 Cash in hand250Productive Wages -65,000 Cash at Bank27,250Carriage2,750 Buildings40,00013,000 Machinery15,000Travelling Exp. - 15,000 Horses & Carts5,000Salary20,000 Sundry Debtors32,500Insurance Premium1,500 Credit Balances :Commission3,250 Sales -3,00,000Rent & Taxes5,000 Mortgage30,500Stable Exp.1,950 Capital1,06,550Repairs1,050 Sundry Creditors21,000Sundry Exp.550Adiustments : On 31st March, 2016 the stock was valued at 60.750. Rent and Taxes 300 were paid in advance.Depreciation is to be written-off at 242% on Buildings. 5% on Machinery and 742% on Horses and Carts.Provision is to be made for doubtful debts at 5% on debtors and a provision for discount is to be made at 242%on debtors and creditors. Premium 7 200 is outstanding.Ans. G. P. 75,500; N.P. 18,803; B/S Total 1,76,528
Answer» TE YOUR ANSWER ISRepairs1,050 Sundry Creditors21,000Sundry Exp.550Adiustments : On 31st MARCH, 2016 the stock was valued at 60.750. Rent and TAXES 300 were paid in advance.Depreciation is to be written-off at 242% on BUILDINGS. 5% on Machinery and 742% on Horses andHOOE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️FOLLOW ME

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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