Particulars | Amount (`.) 01.04.2006 | Amount (`.) 31.03.2007 |
Sundry Debtors | 22,500 | 25,000 |
Sundry Creditors | 30,000 | 35,000 |
Bank overdraft | 40,000 | 20,000 |
Stock | 32,500 | 40,000 |
Cash in Hand | 1,000 | 4,000 |
Bill Receivable | 30,000 | 40,000 |
Furniture | 5,000 | 5,000 |
Motor Van | 40,000 | 40,000 |
Computer | 30,000 | 60,000 |
Liabilities | Rs. | Assets | Rs. |
Capital Sundry Creditors Bank Overdraft | 91,000 30,000 40,000 | Sundry Debtors Stock Cash in hand Bills Receivable Furniture Motor Van Computers | 22,500 32,500 1,000 30,000 5,000 40,000 30,000 |
| 1,61,000 | | 1,61,000 |
Liabilities | Rs. | Rs. | Assets | Rs. | Rs. |
Capital Sundry Creditors Bank Overdrafts | | 1,60,550 35,000 20,000 | Sundry Debtors Less: New Bad debts Less: New R.D.D. Stock Cash in hand Bills Receivable Furniture Less: Depreciation Motor Van Less: Written off Computers 10% Municipal Bonds Add: Interest | 25,000 1,000 24,000 1,200 5,000 500 40,000 1,000 5,000 250 | 22,800 40,000 4,000 40,000 4,500 39,000 60,000 5,250 |
| | 2,15,550 | | | 2,15,550 |
Particulars | Rs. | Rs. |
Capital at the end of the year Add: (1) Drawings (20,000 + 15,000) (2) Interest on Drawings | 35,000 1,000 | 160550 36,000 |
Less: (1) Further capital introduced (2) Interest on capital | - 9,100 | 1,96,550 9,100 |
Less: Capital at the beginning of the year | | 1,87,450 91,000 |
Net Profit | | 96,450 |