1.

Following balances were extracted from the books of Ravinder Associates as at 31st March, 2017 : (₹) (₹) Sundry Debtors 4,10,000 Stock (April 1, 2016) 2,30,000 Sundry Creditors 80,000 Premises 12,00,000 Rent and Taxes 48,000 Fixtures & Fittings 3,10,000 Purchases 34,00,000 Bad Debts written off 8,000 Sales 56,00,000 Rent received from sub-let of part of premises 30,000 Trade Expenses 12,000 Loan from Mukul 1,50,000 Returns Outwards 80,000 Interest on Mukul's Loan 15,000 Returns Inwards 1,20,000 Drawings 40,000 Expenses 4,000 Cash in hand 75,000 Motor Vehicles 6,50,000 Stock on 31st March, 2017 Electricity 25,000 (not adjusted) 3,80,000 You are required to prepare the trial balance treating the difference as his capital.

Answer» Following balances were extracted from the books of Ravinder Associates as at 31st March, 2017 :













































































(₹)


(₹)


Sundry Debtors 4,10,000 Stock (April 1, 2016) 2,30,000
Sundry Creditors 80,000 Premises 12,00,000
Rent and Taxes 48,000 Fixtures & Fittings 3,10,000
Purchases 34,00,000 Bad Debts written off 8,000
Sales 56,00,000 Rent received from sub-let of part of premises 30,000
Trade Expenses 12,000 Loan from Mukul 1,50,000
Returns Outwards 80,000 Interest on Mukul's Loan 15,000
Returns Inwards 1,20,000 Drawings 40,000
Expenses 4,000 Cash in hand 75,000
Motor Vehicles 6,50,000 Stock on 31st March, 2017
Electricity 25,000 (not adjusted) 3,80,000



You are required to prepare the trial balance treating the difference as his capital.


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