Trading A/c of Mr.

Mohak as on 31-03-2019

Particulars Amt Particulars Amt

To Opening Stock 50,000
By Sales 4,15,000
To Purchase 3,10,000 Less: Goods for Approval 15,000 4,00,000
Less: WR (Adj No.4) 10,000 3,00,000 (Adj. No 7)

To Carriage Inward 10,000

To Wages 20,000 By Goods withdrawn for personal use 5,000
(Adj No. 2)

To Gross Profit 1,80,000

(Transfer to P&L A/c)

By Closing Stock (Adj No. 1) 1,45,000

Goods Approval Stock 10,000
(Adj. No 7)

5,60,000 5,60,000
 P & L A/c of Mr. Mohak as on 31-03-2019

Particulars Amt Particulars Amt

By Gross Profit 1,80,000
(Transfer from Trading A/c)
Administrative Expenses

To printing & Stationery 3,000 Other Income:

To Rent & Taxes 5,000 By Discount Received 3,000
To Salaries 32,000 (Adj No. 6)
To Postage & telegram 11,500
To Insurance 9,000
To General Expenses 14,000

Selling Expenses
To Commission 35,000
Add: Unpaid 5,000 40,000
(Adj No. 10)
To Advertisement 17,000
To Cash Discounts 4,000
To Carriage Outwards 22,000

Financial Expenses

Other Expenses
To BD (O) 2,000
Add: BD (N)(Adj No. 5) 5,000
Add: BDR (N) (Adj No.8) 4,000
Less: BDR (O) 11,000

To Deprceiation
Furniture 3,200
Motor Car 9,600 12,800
(Adj No. 9)
To Net Profit 1,700
(Transfer to Balance Sheet)

1,83,000 1,83,000
 Balance Sheet of Mr. Mohak as on 31-03-2019

Liabilities Amt Asset Amt

Capital Fixed Asset:
Opening Balance 2,88,600
Add: Net Profit 1,700 Furniture 22,000
2,90,300 Add: WR (Adj No.4) 10,000
32,000
Less: Depreciation 3,200 28,800
Less: (Adj No. 9)
Drawings 4,000 Motor Car 48,000
Add Drawings (Adj No. 2) 5,000 Less: Depreciation 9,600 38,400
Add: O/s exp (Adj No. 3) 11,000 (Adj No. 9)
20,000 2,70,300
Non-Current Liabilities:

Investments:

Current Liabilities: Current Assets:

Closing Stock (Adj No. 1) 1,45,000
Creditors 40,000 Goods Approval Stock 10,000
Less: Discount received 3,000 37,000 (Adj. No 7)
(Adj No. 6) Debtors 1,00,000
Less: Goods for App. 15,000
(Adj. No 7)
Less: BD (N) (Adj No. 5) 5,000
Unpaid Commission 5,000 80,000
(Adj No. 10) Less: BDR (N)(Adj No.8) 4,000 76,000

Cash Balance 2,100

Bank balance 12,000

3,07,300 3,12,300