The Total solution for NCERT class 6-12
Account Title
Debit Amount Rs
Credit Amount Rs
Stock as on April 01, 2016
16,000
Purchases and Sales
67,600
1,12,000
Returns inwards and outwards
4,600
3,200
Carriage inwards
1,400
General expenses
2,400
Bad debts
600
Discount received
Bank over draft
10,000
Interest on bank overdraft
Commission received
1,800
Insurance and taxes
4,000
Scooter expenses
200
Salaries
8,800
Cash in hand
Scooter
8,000
Furniture
5,200
Building
65,000
Debtors and Creditors
6,000
Capital
50,000
Trading Account as on March 31, 2017
Dr.
Cr.
Particulars
Amount
Rs
Opening Stock
Sales
Purchases
Less: Sales Return Inwards
(4,600)
1,07,400
Less: Return Outwards
(3,200)
64,400
Closing Stock
15,000
Carriage Inwards
Profit and Loss (Gross Profit)
40,600
1,22,400
Profit and Loss Account as on March 31, 2017
General Expenses
Trading (Gross Profit)
Bad Debts
Discount Received
Interest on Bank Overdraft
Commission Received
Insurance and Taxes
Scooter Expenses
Net Profit
27,200
43,800
Balance Sheet as on March 31, 2017
Liabilities
Assets
Add: Net Profit
77,200
Creditors
Debtors
Bank Overdraft
Cash in Hand
1,03,200