Subjective Questions on From the following balances prepare the final accounts of M s Mangal amp Sons for the year ended 31s........... for Commerce ( 11 and 12th) Preparation

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Subjective Questions

From the following balances prepare the final accounts of M s Mangal amp Sons for the year ended 31s...........

Accountancy (11th) Chapter-10 Financial Statements-2
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    From the following balances, prepare the final accounts of M/s Mangal & Sons for the year ended 31st March 2018 :    (3 marks)

      Rs.
    Opening Stock 12,500
    B/R 2,000
    Sales 70,000
    Purchases 37,500
    Creditors 20,000
    Salaries 3,850
    Insurance 200
    Debtors 32,500
    Carriage 1,450
    Commission 750
    Interest 900
    Printing 250
    B/P 3,150
    Returns in 1,300
    Returns out 500
    Bank 5,250
    Rent and Taxes 1,300
    Furniture 1,000
    Capital 7,100

    Closing Stock on 31-3-2018 Rs.15,000

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