The Total solution for NCERT class 6-12
Account Title
Debit Amount Rs
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
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
Salaries
3,000
Debtors
3,900
Trading Account as on March 31, 2017
Dr.
Cr.
Liabilities
Amount
Rs
Assets
Opening Stock
Less: Sales Return
(1,820)
1,78,180
Less: Purchases Return
(1,910)
1,62,090
Closing Stock
16,000
Carriage Inwards
Profit and Loss (Gross Profit)
18,790
1,94,180
Profit and Loss Account as on March 31, 2017
Particulars
Trading (Gross Profit)
Bad Debts
Net Profit
11,530
Balance Sheet as on March 31, 2017
Amount Rs
Building
Add: Net Profit
2,47,530
Bills Payable
Bank Overdraft
2,70,770