|
Debit
Balance
|
Rs.
|
Credit
Balance
|
Rs.
|
|
Kaveri’s
Drawings
Narmada’s
Drawings
Land & Building
Plant & Machinery
Stock(1.1.1996)
Purchases
Wages
Carriage Outward
Carriage Inward
Coal
Salary
Rent, Rates & Taxes
Discount Allowed
Cash & Bank Balance
Sundry Debtors
Printing & Stationery
Bad Debts
Advertisement
Sales Return
Furniture
Bills Receivable
|
4,000
4,000
21,000
12,600
8,000
12,000
5,000
500
400
1,260
7,500
560
300
5,080
9,000
460
240
1,750
400
1,240
1,600
|
Kaveri’s
Capital
Narmada’s
Capital
Bills Payable
Creditors
Purchase Returns
Sales
|
12,000
20,000
6,790
14,600
500
43,000
|
|
96,890
|
96,890
|
Adjustments:
1. Closing Stock is valued at Rs. 10,000/- at cost whose
market value was Rs. 15,000/-
2. Provision for doubtful debts should be maintained at
5% on sundry debtors.
3. Kaveri has withdrawn goods for his personal use Rs.
500 for which no entry is passed.
4.
Fire
occurred in the Godown and goods worth Rs. 5, 000 were destroyed, but Insurance
Company admitted Claim for Rs. 3, 500.
5. Rates prepaid Rs. 60.
|
31940
|
18740
|
16870-25370
|
63630
|
|
GROSS
PROFIT
|
NET
PROFIT
|
PARTNERS CAPITAL ACCOUNT
BALANCE
|
BALANCE
SHEET TOTAL
|
