Edaccountancy

Trial Balance as on 31st march, 2019    Particulars    Debit Amount   Credit Amount   Capital A/c    50,000  Drawings  1,750    Opening Stock  8,000    Purchases & Sales   16,500  22,500  Returns  625  750  Carriages Outward  425    Wages – Productive  1,000                    Unproductive  600  Salaries  1,000    Travelling expenses  1,125    Trade Expenses  325    Fuel and Coal  250    Discount  460  550  Sundry expenses  225    Bad debts  200    Plant machinery  20,000    Furniture  5,500    Packing expenses  175    Sundry Debtors & Creditors   10,090  6,750  Cash in hand  2,200    Investments  10,250    Reserve for doubtful debts    150    80,700   80,700        

Trail Balance as on 31st March, 2018 Debit Balance   Amount   Credit Balance   Amount   Salaries  10,000  Interest received  2,400  Purchases  71,400  Capital  1,60,000  Rent (11 months)  2,200  Sales  85,000  Machinery  56,000  Provision for Bad Debts  2,000  Advance against wages  4,000  Commissions Received  1,600  Opening stock  20,000  Bills Payable  9,200  Bad Debts  1,000  Creditors  56,000  Prepaid Insurance  2,400      Wages   2,600      Loose Tools  26,000      Commission Receivable  400      Sundry Debtors  64,000      Cash  1,000      Bank  3,000      Drawings  7,600      Freight Inward  1,000      Bills Receivable  13,600      Loan to Aruna  30,000                3,16,200     3,26,200 

Particulars  Debit Amount (₹)  Credit Amount (₹)  Loose Tools  1,10,000    Furniture & Fixtures  81,000    Bad Debts  1,400    Sundry Debtors   81,600    Stock (31 st  March 2018)  52,000    Purchases  77,000    Sales Cash    21,000  Sales Credit     81,000  Returns  400  600  Advertisements  4,800    Rate taxes & Insurances  6,000    Salaries (2/3 rd  for factory)  1,200    Rent (Paid for 11 months)  18,000    Machinery (includes ₹24,000)  2,200    Purchased on 1 st  Oct, 2018  84,000    Capital     3,60,000  R.D.D.    8,000  Sundry Creditors    70,000  Drawings  14,000    Interest    1,200  Dividend    2,800  Bank Balance  4,000    Royalty  6,000    9% Bank loan (30 th  Sept 2018)    40,000  Carriage Outwards  4,000    Discount  1,000      5,84,600  5,84,600        Adjustments: 1. Closing Stock valued at 1,00,000. 2. Write off 2,000 as bad debts and create a provision for doubtful debts @5% on Sundry Debtor. 3. Depreciate Machinery by 10% p.a. and loose tools is valued at 1,0