General Reserve | 6,000 |
Profit and Loss A/c (Credit) | 2,40,000 |
Advertisement Suspense A/c | 12,000 |
Liabilities | Rs. | Assets | Rs. |
Neelkant's Capital Mahadev's Capital Neelkan't Curent A/c Mahadev's Current A/c Profit and Loss Appropriation A/c (March 2018) | 10,00,000 10,00,000 1,00,000 1,00,000 8,00,000 | Sundry Assets | 30,00,000 |
30,00,000 | 30,00,000 |
Sohan (Rs.) | Mohan (Rs.) | |
Capitals on 1st April 2017 | 4,00,000 | 3,00,000 |
Drawings during 2017-18 | 50,000 | 30,000 |
Interest on Capital | 5% | 5% |
Interest on Drawings | 1,250 | 750 |
Share of Profit for 2017-18 | 60,000 | 50,000 |
Partner's Salary | 36,000 | .... |
Commission | 5,000 | 3,000 |
Date | Particulars | L.F. | Dr. (Rs.) | Cr. (Rs.) |
2018 April 1 | ? ....Dr To ? To ? (Being adjustment made for credit balance of Profit and Loss Account due to change in profit-sharing ratio) | ? | ? ? |
Date | 1st May, 2017 | 1st August 2017 | 30th September, 2017 | 31st January, 2018 | 31st March, 2018 |
Amount (Rs.) | 2,000 | 5,000 | 2,000 | 6,000 | 2,000 |
Liblities | Amount (Rs.) | Assets | Amount (Rs.) |
Sundry Creditors Employees Provident Fund General reserve Capital: Akul 1,60,000 Bakul 1,20,000 Chandan 92,000_ | 45,000 13,000 20,000 3,72,000 | Cash at Bank Debtors 60,000 Less: Provision for doubtful debts 2,000_ Stock Furniture Plant and Machinary | 42,000 58,000 80,000 90,000 1,80,000 |
¯4,50,000_ | ¯4,50,000_ |
Liabilities | 'Rs. | Assets | Rs. | ||
Capital Accounts | Building | 10,00,000 | |||
A | 8,00,000 | Furniture | 2,40,000 | ||
B | 4,20,000 | Office equipments | 2,80,000 | ||
C | 4,00,000 | 16,20,000 | Stock | 2,50,000 | |
Sundry Creditors | 3,70,000 | Sundry debtors | 3,00,000 | ||
General Reserves | 3,60,000 | Less: Provision for Doubtful debts | 30,000 | 2,70,000 | |
Joint Life Policy | 1,60,000 | ||||
Cash at Bank | 1,50,000 | ||||
23,50,000 | 23,50,000 |
Year | Rs |
2014 | 90,000 |
2015 | 1,40,000 |
2016 | 1,20,000 |
2017 | 1,30,000 |
Liabilities | Rs. | Assets | Rs. |
Creditors | 50,000 | Land | 50,000 |
Bills Payable | 20,000 | Building | 50,000 |
General Reserve | 30,000 | Plant | 1,00,000 |
Capital A/cs: A 1,00,000 B 50,000 C 25,000 | 1,75,000 | Stock | 40,000 |
Debtors | 30,000 | ||
Bank | 5,000 | ||
2,75,000 | 2,75,000 |
Date | Particulars | Amount (Rs.) |
2018 January 1 | Balance due from Bhuvanesh | 1,800 |
January 10 | Sold goods to Bhuvanesh | 1,500 |
January 15 | Bhuvanesh returned goods | 650 |
February 12 | Bhuvanesh paid by cheque | 1,000 |
February 20 | Bhuvanesh accepted a bill drawn by Avinash for one month | 1,500 |
March 11 | Sold goods to Bhuvanesh | 720 |
March 14 | Received cash from Bhuvanesh | 800 |
Date | Particulars | (Rs.) |
1st July | Balance due from XY | 1,500 |
20th August | Sold goods to XY | 2,500 |
28th August | Goods returned by XY | 400 |
25th September | XY paid by cheque | 1,600 |
20th October | Received cash form XY | 1,000 |