Mrs. Meena of Bilaspur has not kept
proper books of accounts, following information is provided to you.
|
Particulars
|
31.3.2012
Amount
(Rs.)
|
31.3.2013
Amount
(Rs.)
|
|
Machinery
|
50000
|
50000
|
|
Furniture
|
50000
|
30000
|
|
Debtors
|
18000
|
25000
|
|
Creditors
|
18000
|
20000
|
|
Stock
|
30000
|
42000
|
|
Outstanding
Expenses
|
1500
|
-
|
|
Pre-paid
Expenses
|
|
500
|
|
Cash at Bank
|
28000
|
40000
|
Further Information:
(1) Mrs. Meena Introduced additional capital as on 1st
October, 2012 by selling her personal car of Rs. 10,000.
(2) She paid her daughter's college fees from business bank
account Rs. 3,000.
(3) Depreciate Machinery by 5% p.a.
(4) Provide 2% on debtors for Bad and Doubtful debts.
(5) Interest on capital is to be provided @ 5% p.a. and on
drawings @ 5% p.a.
