Liabilities
|
Amt
|
Asset
|
Amt
|
Capital account
Sundry creditors
Bill payable
|
28,000
3,170
2,150
|
Leasehold land
Plant and Machinery
Stock in trade
Book debts
Cash in hand
|
2,075
4,940
9,673
15,550
1,082
|
|
33,320
|
|
33,320
|
Liability
|
Rs.
|
Assets
|
Rs.
|
Capital
(Bal. Fig.)
|
29905
|
Book Debts
|
14640
|
Creditors
|
2309
|
Stock
|
11417
|
Bills Payable
|
1775
|
Cash in hand
|
917
|
|
|
Leasehold land
|
2075
|
|
|
Plant and Machinery
|
4940
|
|
33989
|
|
33989
|
Particulars
|
Rs.
|
Rs.
|
Capital at the end of the
year
|
|
29905
|
Add: Drawings:
|
|
|
Cash Withdrawn
Goods Withdrawn
|
1580
75
|
1655
|
|
|
31560
|
Less: Additional Capital introduced
|
|
-1000
|
|
|
30560
|
Less: Capital at the
beginning of the year
|
|
-28000
|
Trading Profit
|
|
2560
|
Less: Depreciation
On Plant and Machinery
4940 × 5%
|
247
|
|
On Leasehold Land
|
125
|
-372
|
|
|
2188
|
Less: RDD @ 5 % on Book
Debts
14640 × 5%
|
|
-732
|
|
|
1456
|
Less: Interest on Capital
On Opening Capital
28000 × 5%
|
1400
|
|
On Additional Capital
1000 × 5% × 9 months
|
38
|
-1438
|
NET PROFIT
|
|
18
|