Thanks to visit codestin.com
Credit goes to www.scribd.com

Scribd
Upload
5 views2 pages

Test

Uploaded by

i64310112001
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
5 views2 pages

Test

Uploaded by

i64310112001
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 2

Test

Prepare the final accounts from the following trial balance as on 31.03.2019

Debit balance

Calls in arrears 5000

Premises 750000

Machinery 150000

Furniture 50000

Purchases 680000

Wages 125000

Salaries 60000

Interim dividend (including corporate dividend tax) 20000

Goodwill 200000

Debtors 60000

Bills receivable 13000

Bad debts 2000

Debenture interest (up to 30.9.2019) 20000

Stock on 1.4.2018 41000

2201000

Credit balance

Share capital 500000

Sales 1000000

Reserve fund 180000

P& l account 35000

Creditors 75000

10% debentures 400000

Bills payable 10000

Reserves for doubtful debts (1.4.2017) 1000

2201000
Adjustments

1. The stock on 31.3.2019 was valued at Rs.80000


2. Depreciate machinery and furniture by 10%
3. maintain R.DD at 5% on debtors
4. the directors proposed a final dividend at 15%
5. the debenture interest is unpaid for 6 months

You might also like