Prepare Final Accounts from the Book of Shri Ramesh on 31st March, 2005 –
- Trading and P & L Account
- Balance Sheet
- Opening Stock 60000 Rs.
- Sales 161000 Rs.
- Creditors 38590 Rs.
- Loan Taken 15000 Rs.
- Returns Outward 5000Rs.
- Machinery 11000 Rs.
- Rent Paid 3000 Rs.
- Commission Received 3710 Rs.
- Bad Debts 400 Rs.
- Bank Balance 4500 Rs.
- Cash Balance 510 Rs.
- Establishment Expenses 8000 Rs.
- Electricity Bill 490 Rs.
- Purchases 115000 Rs.
- Capital 26000 Rs.
- Returns Inward 6000 Rs.
- Bills Receivable 2000 Rs.
- Debtors 25000 Rs.
- Building 9900 Rs.
- Interest Paid on Loan 1000 Rs.
- Provision for Doubtful Debts 2000 Rs.
- Furniture 5000 Rs.
- Provident Fund Deducted from Salary Credit 500 Rs.
- Closing Stock 50000 Rs.
Explanation Video –
