solution2

New balance sheet

liabilities&capital ammount ammount assets
Machinery
ammount ammount
10000
solution1
Dr Trading account of Praveen traders for the year ending 31/12/2013
particulars ammount ammount particulars
By sales
less sales returns
4500 Closing stock

4500
ending 31/12/2013 Cr
ammount ammount
9000
600 9600
4500

14100

14100
solution1
Dr Profit and loss account of Praveen traders for the year ending 31/12/2013
particulars ammount ammount particulars
To salaries 1000
add:out standing salaries 500 1500 By commission received
To rent 800
To insurance 900
add:prepaid insurance 400 1300
To discount 400

4000
2800
ear ending 31/12/2013 Cr
ammount ammount

1200

1200
solution2
Dr Profit and los account
particulars ammount ammount particulars
To rent 1200
To advertisement expences 800
`
 Cr
ammount ammount
Solution16
New Balance Sheet of Latha Traders as on year ending 31/12/2008
Liabilities&Capital Ammount Ammount Assets
By Cash in Hand
By Cash at Bank
ending 31/12/2008
Ammount Ammount
540
12630
Solution16
Dr Profit and Los account of Latha Traders for the year ending 31/12/2008
Particulars Ammount Ammount Particulars
r ending 31/12/2008 Cr
Ammount Ammount
Solution16
Dr Trading Account of Latha Traders for the year ending 31/12/2008
Particulars Ammount Ammount Particulars
nding 31/12/2008 Cr
Ammount Ammount
solution15
New Balance sheet
Liabilities&capital Ammount Ammount Assets
To Out standing Salaries 6000 By Machinery
To Capital 45000 Less:Depreciation on Machinery
Add:Intrest on Capital 5% 225000.00% By Debtors
To Creditors 51000 By Cash at bank
To Reserve for Bad Debts 1000 By Furniture
Less:Bad Debts 2000 1000 By Closing Stock
Less:Creat reserve for bad debts 3% 60
Ammount Ammount
90000
5% 4500
92000
28000
8000
56000
solution15
Dr Profit and los account
Particulars Ammount Ammount Particulars
To Depreciation on Machinery 5%
To Rates and Taxes 4800
To Salaries 47000
Add:Out standing salaries 6000 53000
 Cr
Ammount Ammount
solution15
Dr Trading account
Particulars Ammount Ammount Particulars
To Opening Stock 50205 By Sales
To Purchases 200000 Less:Sales returns
Less:Purchase returns 2503 197497 By Closing Stock
To Wages 40000
To Freight 5502

293204
 Cr
Ammount Ammount
471004
5000 466004
56000

522004
228804
Solution14
New Balance Sheet of Vishnu Traders as on year ending 31/3/2014
Liabilities&capital Ammount Ammount Assets
To Outstanding wages 500 By Cash
To Creditors 9000 By Buildings
To capital 3700 By Machinery
To Drawings 5000 Less:Depreciation on Machinery
Less:intrest on drawings 5% 250 By Furniture
Less:Depreciation on Furniture
By debtors
Less:Bad debts
By Closing stock
ending 31/3/2014
Ammount Ammount
4000
25000
15000
750 14250
5000
250 4750
12000
600 11400
14000
solution14
Dr Profit and los account of Vishnu Traders for the year ending 31/3/2014
Particulars ammount ammount particulars
To wages 8500 By Gros profit
Add:out standing wages 500 9000
To salaries 6500
To Depreciation on Machinery 750
To Depreciation on Furniture 250
To Bad debts 600
To General expences 2600

19700
5700
ar ending 31/3/2014 Cr
ammount ammount
42600
solution14
Dr Trading account of Vishnu Traders For the year ending 31/3/2014
Particulars Ammount ammount particulars
To Opening stock 7200 By sales
To Purchases 45000 Less:sales returns
Less:purchase returns 600 44400 By Closing stock
To power and fuel 4500
To carriage on purchases 1800

57900
43900
ending 31/3/2014 Cr
ammount ammount
95000
94500
14000

14000
solution13
Liabilities&capital Ammount Ammount
To Out standing Salaries
To Creditors
To Capital
Add:Intrest on capital
New Balance Sheet
Assets
400 By Furniture
3903 By Machinery
35000 Less:Depreciation on Machinery
5% 1750 By Debtors
Less:Provide Reserve
on Sundry debtors
By Cash at bank
By Prepaid Rent&taxes
By Closing stock
6053
Ammount Ammount
1600
20000
10% 2000
10400%

5% 520
8000
201
16800

29121
23068
solution13
Dr Profit and los Account
Particulars Ammount Ammount Particulars
To Salaries 10000 By Closing stock
Add: Out standing Salaries 400 1040000%
To Provide Reserve
on Sundry Debtors 5%
To Carriage on sales 503
To Rent&taxes 2001
Less:Prepaid Rent and taxes 201 1800
To insurance 600
To Intrest on capital 5%

13303.1
 Cr
ammount ammount
16800

16800
3496.9
Solution13
Dr Trading Account
Particulars Ammount Ammount particulars
To Opening Stock 17525 By Sales
To purchases 25200 Less:Sales Returns
Less:purchase returns 222 24978 By Closing stock
To Wages 3500
To Carriage 200

46203
 Cr
Ammount Ammount
61604
1200 60404
16800

77204
31001
solution12
New balance sheet of Srinivasa Traders as on 31/12/2012
liabilities&capital ammount ammount assets
To Drawings 2000 By cash
Less: Intrest on Drawings 10% 200 By debtors
To Creditors 5000 Reserve for debts
To Bills payable 2650 By loose tools
To Capital 40000 By Premises
Add: Calculate intrest on capital 8% 3200 Less: Depreciation on Premises
By Good Will
By pattents
By Net profit

11050
n 31/12/2012
ammount ammount
4000
15000
5% 750
6500
9500
10% 95000.0%
7500
5000
2150

26850
25700
solution12 Profit and los Account of Srinivasa
Dr Traders for the year ending 31/12/2012
particulars ammount ammount particulars
To carriage on sales 500 By Gros Profit
To insurance 800 By Bad debts recovery
To Genera Charges 850
To Depreciation on Premises 10%

2150.1
sa
2012
ammount ammount
7000
2000

9000
6849.9
solution12
Dr Trading Account of Srinivasa Traders for the year ending 31/12/2012
particulars ammount ammount particulars
To Opening stock 1700 By sales
To purchases 10000 Less:sales returns
Less:purchase returns 500 9500 By closing stock
To wages 500
To carriage on purchases 600
To power and fuel 500

12800
ending 31/12/2012
ammount ammount
16000
1200 14800
5000

19800
7000
solution11
New balance sheet of Ravi Traders as on year ending 31/12/2013
liabilities&capital ammount ammount assets
To out standing rent 300 By debtors
To capital 100000 By bad debts
To bills payable 2000 Reserve for bad debts
To Bank over draft 7000 By furniture
By pattents
Less:depreciation on Pattents
By machinery
By commission receivable
109300
nding 31/12/2013
ammount ammount
26000
1000
5% 50
15700
20000
20% 1999980.0%
40000
200

101949.8
solution11
Dr Profit and los account of Ravi Traders for the year ending 31/12/2013
particulars ammount ammount particulars
To carriage 600 By discount
To Repairs 1300 By commission
To rent 1200 Add:commission receivable
Add:out standing Rent 300 1500 By discount
To insurance 1500 By gros profit
To Rent and taxes 2200
To Printing charges 2000
To Speed Post Charges 900
To depreciation on pattents 20%

10000.2
900.2
ending 31/12/2013 Cr
ammount ammount
500
800
200 1000
1000
6600

9100
solution11
Dr Trading account of Ravi Traders for the year ending 31/12/2013
particulars ammount ammount particulars
To purchases 14000 By sales
To wages 1500 Less:sales returns
To freight 600

16100
nding 31/12/2013 Cr
ammount ammount
19000
800 18200

18200
2100
solution10
New balance sheet of Rama Krishna Traders as on year ending 31/12/2013
liabilities&capital ammount ammount assets
To out standing rent 500 By Prepaid salaries and wages
To over draft 2500 By furniture
To capital 40000 By bills receivable
Less:drawings 1500 38500 By debtors
To creditors 1000 By machinery
To intrest 800 Less:depreciation on machinery
Less:intrest received
in advance 300 500 By closing stock

43000
3600
ear ending 31/12/2013
ammount ammount
400
3000
6000
10000
15000 15000
10% 1500

3500

39400
solution10
Dr Profit and loss account of Rama Krishna traders for the year ending 31/12/2013
particulars ammount ammount particulars
To discount 700 By discount
To carriage on sales 400 By gross profit
To rent 2500
Add:out standing rent 500 3000
To depreciation on machinery 10%
To Internet charges 500

4600.1
2400.1
year ending 31/12/2013Cr
ammount ammount
1000
1200

2200
solutionn10
Dr Trading account of Rama Krishna traders for the year ending 31/12/2013
particulars ammount ammount particulars
To opening stock 3000 By sales
To purchases 7000 By closing stock
To carriage 1000
To factory rent 1200
To salaries and wages 2400
Less:prepaid salaries and wages 400 2000
To clearing charges 300
To coal and gass 800
To travelling expences 1000

16300
1800
ar ending 31/12/2013 Cr
ammount ammount
11000
3500

14500
solution9
New balance sheet of sole traders as on year ending 31/3/2014
liabilities&capital ammount ammount assets
To creditors 10000 By bills receivable
To capital 100000 By furniture
By pre paid insurance
By machinery
Less:depreciation on machinery
By trade marks
110000 By debtors
31100 By intrest receivable
nding 31/3/2014
ammount ammount
6000
12300
500
30000
12% 3600
15000
40000
1500

78900
solution9
Dr Profit and loss account of sole traders for the year ending 31/3/2014
particulars ammount ammount particulars
To salaries 7500 By intrest
To rent 5100 Add:intrest receivable
To insurance 2000 By commission
Less:commission
Less:pre paid insurance 500 1500 received in advance
To xerox charges 300 By gross profit
To trade expences 1700
To advt expences 2600
To bad debts 600
Less:further bad debts 200 400

19100
r ending 31/3/2014 Cr
ammount ammount
2800
1500 4300
3200

1200 2000
19400

25700
6600
solution9
Dr Trading account of sole traders for the year ending 31/3/2014
particulars ammount ammount particulars
To opening stock 9000 By sales
To purchases 15000 By closing stock
To carriage inwords 1000
To wages 4200
To import duties 1400
To coal and water charges 1500

32100
nding 31/3/2014 Cr
ammount ammount
44000
7500

51500
19400
solution8
New balance sheet of vinod traders
Liabilities&capital ammount ammount assets
To capital 45000 By cash
To bills payable 2500 By machinery
To creditors 5900 Less:depreciation on machinery
To out standing wages 300 By sundry debtors
To intrest received on advance 500 Less: badd debts

Less: reserve for bad debts 5%

By good will

54200
24725
ers
ammount ammount
1000
5000
10% 500
12000
1500
10500 8000
525 9975
10000

29475
solution8
Dr profit and los account of vinod traders
particulars ammount ammount particulars
To depreciation on machinery 10% By gross profit
To discount 1200 By INT received
To commission 1500 Less:intrest received on advance
To trading expences 900
To stationery 1000
To INT on capital 3000
To bad debts 1000

860000%
851100
ders
ammount ammount
7900
1500
500 1000

8900
solution8
Dr Trading account of vinod traders
particulars ammount ammount particulars
To opening stock 6600 By sales
To purchases 10400 Less:sales returns
Less:purchase returns 1000 9400 By closing stock
To wages and salaries 4700
Less:out standing wages 300 4400
To carriage 600
To coal and gass 2200

23200
rs
ammount ammount
23500
1300 22200
9500

31700
8500
solution7
New balance sheet as on year ended 31/12/2013
liabilities&capital ammount ammount assets
To out standing stationery bill 600 By cash in hand
To creditors 4250 By cash at bank
To capital 40000 By pre paid wages
Less:drawings 1000 39000 By invest ments
By pattens
By debtors
Less:bad debts
By machinery
43850 Less:depreciation on machinery
11200 By pre paid wages
ammount ammount
1000
1500
500
10000
7000
12000
500 11500
6000
10% 600
500

32600
solution7
Dr profit and los account for the year ended 31/12/2013
particulars ammount ammount particulars
To carriage out words 500 By gross profit
To salaries 1300 By discount
To legal expences 600
To insurance 800
To discount 750
To printing and stationery 1400
Less:out standing stationery bill 600 800
To depreciation on machinery 10%
To bad debts 500

5250.1
3050.1
31/12/2013 Cr
ammount ammount
1400
800

2200
solution7
Dr Trading account for the year ended 31/12/2013
particulars ammount ammount particulars
To opening stock 1000 By sales
To purchases 11000 Less:sales returns
Less:purchase returns 800 10200 By closing stock
To wages 300
Less:pre paid wages 500 200
To carriage in words 1000

12400
/12/2013 Cr
ammount ammount
15000
1000 14000
2100

16100
3700
solution6
New balance sheet of Praveen Traders as on year ending 31/3/2014
liabilities&capital ammount ammount assets
To out standing rent 500 To prepaid rent
To creditors 2000 To bills receivable
To capital 20000 To motor van
Less:depreciation on motor van
By trade marks
By debtors
By cash
22500 By closing stock
11400
r ending 31/3/2014
ammount ammount
200
1700
4000
10% 400
2000
8000
1000
5800

11100
solution6
Dr profit and los account of Praveen Traders for the year ending 31/3/2014
particulars ammount ammount particulars
To rent 1500 By gross profit
Add:out standing rent 500
2000
Less:prepaid taxes 200 1800
To commission 900

2700
ear ending 31/3/2014 Cr
ammount ammount
2700
solution6
Dr trading account of Praveen Traders for the year ending 31/3/2014
particulars ammount ammount particulars
To opening stock 3200 By sales
To purchases 8000 By closing stock
Less:purchase returns 900 7100
To wages 1000
To carriage 500
To factory expences 500
To oil and fuel 600
By gross profit

12900
ending 31/3/2014 Cr
ammount ammount
9800
5800

15600
2700
solution5
New balance sheet as on 31/3/2010
liabilities&capital ammount ammount assets
out standing wages 2000 Cash
Creditors 20000 Good will
Bills payable 8500 Debtors
out standing salaries 2500 Less:bad debts
Capital 60000 Less:5%doubt full debts
add:intrest on capital9% 5400 machinery
65400 Rent paid in advance
add:net profit 16000 49400 By closing stock

82400
010
ammount ammount
13500
20000
30000
2000 26000
1400
35500
1000
16800

112800
solution5
Dr profit and los for year ending 31/3/2010
particulars ammount ammount particulars
To audit charges 1500 By gross profit
To bad debts 2000 By commission
To reserve for doubt full debts 1400 By intrest received
To salaries 12500
To office rent 5000
To intrest on capital 5400

27800
/2010 Cr
ammount ammount
31300
7500
5000

43800
16000
solution5
Dr trading account for the year ending 31/3/2010
particulars ammount ammount particulars
To opening stock 12000 By sales
To purchases 95000 By closing stock
less:return out words 2000 93000
To factory insurance 2000
To wages 5000
Add:out standing wages 1000 6000
To carriage in words 2500

115500
1/3/2010 Cr
ammount ammount
130000
16800

146800
31300
solution2
Dr trading account
particulars ammount ammount particulars
To Opening stock 1100
To purchases 6500
Less:purchase returns 1000 5500
To carriage 1000
To Customs Duti 500
To insurance 800
Less:prepaid insurance 200 600
 Cr
ammount ammount
solution1
Balance sheet of Praveen traders for the year ending 31/12/2013
liabilities&capital ammount ammount assets

Machinery
Furniture
Debtors
Bills receivable
Prepaid insurance
By gross profit

0
nding 31/12/2013
ammount ammount
3000
5000
2000
4000
1000
400
4100

19500