Final Accounts Appendix3 Special Examination 2022 without Closing Stock.xlsx

	A	B	C	D	F	G	H	I	K	L	M	N
1	Final Accounts asked in Appendix3 Special Examination 2002
2	The following balances were extracted from the books of Shri S Prakash on March 31st, 2020. You are required to prepare a Trading Account, Profit & Loss Account and a Balance Sheet as on 31st March, 2020
3	Trial Balance				Trading A/c for the year___
4	Particulars	Debit	Particulars	Credit	Particulars	Debit	Particulars	Credit
5	Plant and Machinery	130000	Sales	300000	To Opening Stock	60000	By Sales 300000 - Returns I/W 2000	298000
6					To purchases250000 - Returns O/w 2500	247500	By Gross Loss	12650	11200
7	Debtors	50000	Return Outwards	2500	To Factory Rent	1450			1450
8	Interest	2000	Creditors	250000	To Wages	1200
9	Wages	1200	Bills Payable	70000	To Carriage inwards	500
10	Salary	2500	Provision for Bad Debt	1550	To Gross Profit
11	Carriage Inwards	500	Rent Received	10380	Total	310650	Total	310650
12	Carriage Outwards	700	Commission Received	16000	Profit and Loss A/c for the year _____
13	Return Inwards	2000	Capital	220000	Particulars	Debit	Particulars	Credit
14	Factory rent	1450			To Interest	2000
15	Office Rent	2300			To Salaries	2500	By Rent recd 10380 - recd in advance 6000	4380	First Model
16	Insurance	780			To Carriage outwards	700	By Commission Recd 16000 - Recd in advance 6000	16000	RBDD
17	Furniture	22500			To Office Rent	2300	By Net Loss	35725		Debit		Credit
18	Buildings	280000			To Insurance 780 - Prepaid 200	580			To Bad Debts	5500	By Op Bal	1550
19	Bills Receivable	3000			To commission	500			To Clo Bal	2400	By P & L A/c	6350
20	Cash Iin Hand	22500			RBDD 3500+2000+2400-1550	6350			Total	7900	Total	7900
21	Cash at Bank	35000			To Depreciation 7800+1125+19600	28525
22	Commission	500			To Gross Loss	12650
23	Opening Stock	60000
24	Purchase	250000
25	Bad debts	3500
26	Total	870430	Total	870430							By Op Bal	1800
27
28					Total	56105	Total	56105	Second Model - Amount in P & L A/c
29	Adjustments				Balance Sheet as on _____
30	1.Provision for Bad Debts at 5% and further bad debts at Rs.2000				Liabilities	Amount	Assets	Amount	RBDD in TB
31	2.Rent Received in advance Rs.6000				Capital 220000 -35725	184275	Plant & Machinery 130000 - Depreciation 7800	122200	Bad debts in TB
32	3.Prepaid insurance Rs.200						Debtors 50000- Bad debts 2000 - RBDD 2400	45600	RBDD in Adjustments 5% of 36000		Deduct From Debtors in BS
33	4.Depreciation on Furniture at 5%, Plant and Machinery @6%, building @7%				Creditors	250000	Furniture 22500 - Depreciation 1125	21375	Sum of all		To Post as Debit in P & L A/c
34					Bills Payable	70000	Buildings 280000 -19600	260400
35					Rent Recd in advance	6000	Cash in hand	22500	2400
36							Cash at Bank	35000
37							Bills Receivables	3000
38							Prepaid insurance	200
39
40					Total	510275	Total	510275
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