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Subjective Questions

Prepare trading and profit and loss account from the following particulars of M s Neema Traders as o...........

Accountancy (11th) Chapter-9 Financial Statements-1
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    Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on March 31, 2017.       (5 marks)

    Account Title

    Debit Amount

    Rs

    Account Title

    Credit Amount

    Rs

    Buildings

    23,000

    Sales

    1,80,000

    Plant

    16,930

    Loan

    8,000

    Carriage inwards

    1,000

    Bills payable

    2,520

    Wages

    3,300

    Bank overdraft

    4,720

    Purchases

    1,64,000

    Creditors

    8,000

    Sales return

    1,820

    Capital

    2,36,000

    Opening stock

    9,000

    Purchases return

    1,910

    Machinery

    2,10,940

    Insurance

    1,610

    Interest

    1,100

    Bad debts

    250

    Postage

    300

    Discount

    1,000

    Salaries

    3,000

    Debtors

    3,900
     

     Stock on March 31, 2017 Rs 16,000.

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