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
|