Particulars
|
Amt. (Rs.)
|
Particulars
|
Amt. (Rs.)
|
Purchases
Patents Right
Building
|
98,000
4,000
1,00,000
|
Capital:
Ashok
Tanaji
|
30,000
40,000
|
Stock (1.04.2006)
|
15,000
|
Provident Fund
|
7,000
|
Printing and
Stationery
|
1,750
|
Creditors
|
45,000
|
Sundry Debtors
Wages and Salaries
|
35,000
11,000
|
10% Bank Loan taken
on 1st April 2006
|
12,000
|
Audit Fees
|
700
|
Sales
|
1,58,000
|
Sundry Expenses
|
3,500
|
Reserve for Doubtful
Debts
|
250
|
Furniture
|
8,000
|
Purchase Returns
|
3,500
|
Investment
|
10,000
|
||
Cash
|
4,000
|
||
Provident Fund
Contribution
|
800
|
||
Carriage Inwards
|
1,300
|
||
Travelling Expenses
|
2,700
|
||
2,95,750
|
2,95,750
|
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To
Opening Stock
|
15,000
|
By
Sales
|
1,58,000
|
||
To
Purchases
Less:
Returns
|
98,000
3,500
|
94,500
|
|||
To
Wages & Salaries
|
11,000
|
||||
To
Carriage Inwards
|
1,300
|
||||
To
Gross Profit c/d
|
51,200
|
By
Closing Stock
|
15,000
|
||
1,73,000
|
1,73,000
|
Particulars
|
Rs.
|
Rs.
|
Particulars
|
Rs.
|
Rs.
|
To
Printing & Stationery
|
1,750
|
To
Gross Profit b/d
|
51,200
|
||
Less:
Stock
|
500
|
1,250
|
|||
To
Audit Fees
|
700
|
||||
To
Sundry Expenses
|
3,500
|
||||
To
Provident Fund Contribution
|
800
|
||||
To
Travelling Expenses
|
2,700
|
||||
To
Bad Debts
|
-
|
||||
Add:
New Bad debts
|
-
|
||||
Add:
New R.D.D.
|
1,750
|
||||
Less:
Old R.D.D.
|
1,750
250
|
1,500
|
|||
To
Depreciation on
Patent
Right
Building
|
400
5,000
|
5,400
|
|||
To
Interest on Capital
Ashok
Tanaji
|
1,500
2,000
|
3,500
|
|||
To
Interest on loan
|
1,200
|
||||
To
Net Profit
Ashok
(2/5)
Tanaji
(3/5)
|
12260
18390
|
30650
|
|||
51,200
|
51,200
|
Particulars
|
Ashok
|
Tanaji
|
Particulars
|
Ashok
|
Tanaji
|
By
Balance b/d
|
30,000
|
40,000
|
|||
By
Interest on Capital
|
1,500
|
2,000
|
|||
To
Balance c/d
|
43,760
|
60,390
|
By
Net Profit
|
12,260
|
18,390
|
43,760
|
60,390
|
43,760
|
60,390
|
Liabilities
|
Rs.
|
Rs.
|
Assets
|
Rs.
|
Rs.
|
Partners
Capital
Ashok
Tanaji
|
43,760
60,390
|
1,04,150
|
Patents
Right
(-)
10% Depreciation
|
4,000
400
|
3,600
|
Building
Less:
5% Depreciation
|
1,00,000
5,000
|
95,000
|
|||
Provident
Fund
Creditors
|
7,000
45,000
|
Sundry
Debtors
Less:
New R.D.D.
|
35,000
1,750
|
33,250
|
|
Bank
Loan (10%)
Add:
Interest
|
12,000
1,200
|
13,200
|
Furniture
Investment
|
8,000
10,000
|
|
Cash
|
4,000
|
||||
Closing
Stock
|
15,000
|
||||
Stock
of Stationery
|
500
|
||||
1,69,350
|
1,69,350
|