Trial Balance as on 31 st March, 2007 [March 2010]
Particulars
|
Amount
Rs.
|
Particulars
|
Amount
Rs.
|
Purchases
Patents Right
Building
Stock (1.4.2006)
Printing and Stationery
Sundry Debtors
Wages and Salaries
Audit fees
Sundry expenses
Furniture
10% Investment(Purchased on 30.09.2006)
Cash
Provident Fund Contribution
Carriage Inwards
Travelling Expenses
|
98,000
4,000
1,00,000
15,000
1,750
35,000
11,000
700
3,500
8,000
10,000
4,000
800
1,300
2,700
|
Capitals :
Ashok
Tanaji
Provident Fund
Creditors
Bank Loan
Sales
Reserve for Doubtful Debts
Purchase Returns
|
30,000
40,000
7,000
45,000
12,000
1,58,000
250
3,500
|
2,95,750
|
2,95,750
|
Adjustments :
1.
Closing stock is valued at the Cost of Rs.15,000 while its Market
Price Rs.18,000.
2.
On 31st March,
2007 the stock of stationery was Rs.500.
3.
Provide reserve for bad and doubtful debts at 5% on debtors.
4.
Depreciate building at 5% and patent rights at 10%.
5.
Interest on capitals is to be provided at 5% p.a.
6.
Goods worth Rs.10,000 were destroyed by fire.
7.
The Insurance company admitted a claim for Rs.8,000.
61200
|
40350
|
47640-66210
|
177850
|
GROSS
PROFIT
|
NET
PROFIT
|
PARTNERS CAPITAL ACCOUNT
BALANCE
|
BALANCE
SHEET TOTAL
|
