Debit Balance
|
Amount
|
Credit Balance
|
Amount
|
Land and Building
|
44500
|
Capital : Kamesh
|
60000
|
Plant
|
9750
|
Mani
|
40000
|
Drawings: Kamesh
|
3000
|
Sales
|
57000
|
Mani
|
2000
|
Sundry Creditors
|
9500
|
Opening Stock
|
26000
|
Reserve for Doubtful Debts
|
500
|
Wages
|
5000
|
Outstanding Expenses
|
500
|
Purchases
|
34500
| ||
Carriage inwards
|
700
| ||
Office expenses
|
2270
| ||
Rent, Rates and Taxes
|
1750
| ||
Insurance
|
480
| ||
Motor Van (addition on 1st July Rs. 10,000)
|
20,000
| ||
Salaries
|
1750
| ||
Bad debts
|
950
| ||
Debtors
|
14600
| ||
Cash at Bank
|
250
| ||
167500
|
167500
|
Particulars
|
Amt.
|
Amt.
|
Particulars
|
Amt.
|
Amt.
|
To Opening Stock
|
26000
|
By Sales
|
57000
| ||
To Purchases
|
34500
| ||||
(+) Unrecorded
|
5600
|
40100
| |||
To Wages
|
5000
| ||||
To Carriage Inward
|
700
| ||||
To Gross Profit C/d
|
25200
|
By Closing Stock
|
40000
| ||
97000
|
97000
|
Particulars
|
Amt.
|
Amt.
|
Particulars
|
Amt.
|
Amt.
|
To Office Expenss
|
2270
|
By Gross Profit b/d
|
25200
| ||
To Rent, Rates and Taxes
|
1750
| ||||
To Insurance
|
480
| ||||
(+) Outstanding for 9 months
|
360
|
840
| |||
To Salaries
|
1750
| ||||
To Bad debts
|
950
| ||||
(+) F.D.D.
|
-
| ||||
(+) N.R.D.D.
|
-
| ||||
(-) O.R.D.D.
|
-500
|
450
| |||
To Depreciation
| |||||
Plant
|
975
| ||||
Land & Building
|
8900
| ||||
Motor Van
|
1500
|
11375
| |||
To Net Profit C/d
| |||||
Kamesh
|
3383
| ||||
Mani
|
3382
|
6765
| |||
25200
|
25200
|
Particulars
|
Kamesh
|
Mani
|
Particulars
|
Kamesh
|
Mani
|
To Drawings
|
3000
|
2000
|
By Balance b/d
|
60000
|
40000
|
To Balance c/d
|
60383
|
41382
|
By Net Profit b/d
|
3383
|
3382
|
63383
|
43382
|
63383
|
43382
|
Liability
|
Amt.
|
Amt.
|
Assets
|
Amt.
|
Amt.
|
Capital A/c
|
Land & Building
|
44500
| |||
Kamesh
|
60383
|
(-) Depreciation
|
-8900
|
3600
| |
Mani
|
41382
|
101765
|
Plant
|
9750
| |
Sundry Creditors
|
9500
|
(-) Depreciation
|
-975
|
8775
| |
(+) Unrecorded
|
5600
|
15100
|
Motor Van
|
20000
| |
Outstanding Expenses
|
500
|
(-) Depreciation
|
-1500
|
18500
| |
Outstanding Insurance
|
360
|
Debtors
|
14680
| ||
Cash at Bank
|
250
| ||||
Closing Stock
|
40000
| ||||
117725
|
117725
|