The Total solution for NCERT class 6-12
Account Title
Debit Amount Rs
Credit Amount Rs
Opening stock
10,000
Sales
2,28,000
Purchases
78,000
Capital
70,000
Carriage inwards
2,500
Interest
7,000
Salaries
30,000
Commission
8,000
Creditors
28,000
Wages
11,000
Bills payable
2,370
Rent and taxes
2,800
Repairs
5,000
Telephone expenses
1,400
Legal charges
1,500
Sundry expenses
cash in hand
12,000
Debtors
Machinery
60,000
Investments
90,000
Drawings
18,000
Trading Account of M/s Nilu Sarees as on March 31, 2017
Dr.
Cr.
Particulars
Amount
Rs
Opening Stock
Closing Stock
22,000
Carriage Inwards
Profit and Loss (Gross Profit)
1,48,500
2,50,000
Profit and Loss Account as on March 31, 2017
Trading (Gross Profit)
Rent and Taxes
Telephone Expenses
Legal Charges
Sundry Expenses
Net Profit
1,10,300
1,63,500
Balance Sheet as on March 31, 2017
Liabilities
Assets
Add: Net Profit
1,80,300
Less: Drawings
(18,000)
1,62,300
Cash in Hand
Bills Payable
Suspense
21,330
2,14,000