Q#2 Financial Statement (W

Sr no. Particulars Trial Balance Adjustments

Dr. Cr. Dr.
1 Cash Account 5000
2 Account Receivable 9000
3 Marchendise Inventory 6000
4 Plant & Machinery 24000
5 Land & Building 82000
6 Furniture & Fixture 2600
7 Capital 136000
8 Account Payable 3800
9 Purchases 60000
10 Purchases return & allowance 2200
11 Discount on Purchase 600
12 Sales 70000
13 Sales return & allowance 3000
14 Sales Discount 1600
15 Insurance Prepaid 3400
16 Advertisement Expenses 4000
17 Salaries Expenses 12000 1000
------------------------------------ 212600 212600 …....
18 Insurance Expense 2000
19 Outstanding Saleries account
20 Depreciation Expense 2400
21 Inventory (31-03-17) 6000
22 Inventory Expense account
212600 212600 11400
Total

Q#3 Financial Statement (W

Sr no. Particulars Trial Balance Adjustments
Dr. Cr. Dr.
1 Cash at Bank 80000
2 Accounts Receivable 35200
3 Stores Supplies 5000
4 Prepaid Rent 11240
5 Furniture & Fixture 7600
6 Accumulated Depreciation Furniture & Fix 1520
7 Plant & Machinery 45000
8 Accumulated Depreciation: Plant & Machinery 9000
9 Capital 165000
10 Accounts Payable 8500
11 Drawings 31000
12 Sales Revenue 212980
13 Salaries Expenses 9500 3000
14 Advertising Expense 7000
15 Purchases . 95000
16 Wages 10000
17 Purchases Returns 6500
18 Sales Returns 3000
19 Merchandize Inventory 1.1.17 45000
20 Travelling Expenses 5460
21 Miscellaneous Expense 5000
22 Prepaid Insurance 8500
403500 403500
23 Merchandize Inventory 31.12.17 35000
24 Income Summary
25 Rent Expenses 9240
26 Insurance Expense Depreciation Expense. 6000
27 Furniture & Fix 760
28 Depreciation Experises. Plant & Machinery 4500
29 Accrued Salaries
30 Bad Debts Expense 1500
31 Store Supplies Expenses 3500
63500
Net Income
atement (WorkSheet)
Adjustments Adjusted Trial Balance Income Statemant Balance Sheet
Cr. Dr. Cr. Dr. Cr. Dr.
5000 5000
9000 9000
6000 6000
2400 21600 21600
82000 82000
2600 2600
136000
3800
60000 60000
2200 2200
600 600
70000 70000
3000 3000
1600 1600
2000 1400 1400
4000 4000
13000 13000
….... ….... ….... ….... ….... …....
2000 2000
1000 1000
2400 2400
6000 6000
6000 6000 6000
11400 219600 219600 13200 13200
92000 92000 140800

atement (WorkSheet)
Adjustments Adjusted Trial Balance Income Statemant Balance Sheet
Cr. Dr. Cr. Dr. Cr. Dr.
80000 80000
1500 33700 33700
3500 1500 1500
9240 2000 2000
7600 7600
750 2280
4500 45000 45000
13500
165000
8500
31000 31000
212980
12500 12500 212980
7000 7000
95000 95000
10000 10000
6500 6500
3000 3000
45000 45000 2500
5460 5460
5000 5000
6000 2500 2000

35000 35000
35000 35000 35000
9240 9240
6000 6000
760 760
4500 4500
3000 3000
1500 1500
3500 3500
63500 446760 446760
46020
254480 254480 238300
Balance Sheet
Cr.

136000
3800

…....

1000

140800
Balance Sheet
Cr.

2280

13500
165000
8500

3000

46020
238300