The Total solution for NCERT class 6-12
Account Title
Amount
₹
Purchases
80,000
Capital
2,10,000
Bank balance
11,000
Bills payable
6,500
Wages
34,000
Sales
2,00,000
Debtors
70,300
Creditors
50,000
Cash in hand
1,200
Return outwards
4,000
Legal expenses
Building
60,000
Machinery
120,000
Bills receivable
7,000
Office expenses
3,000
Opening stock
45,000
Gas and fuel
2,700
Freight and Carriage
3,500
Factory lighting
5,000
Office furniture
Patent right
18,800
4,70,500
Trading Account
Dr.
Cr.
Particulars
Opening Stock
Closing Stock
Less: Return Outwards
76,000
Add: Wages Outstanding
50
34,050
Gas and Fuel
Factory Lighting
Gross Profit
83,750
2,50,000
Profit and Loss Account
To Legal Expenses
By Gross Profit
To Office Expenses
To Depreciation on Machine
12,000
To Depreciation on Building
3,600
To Interest on Capital
8,400
To Net Profit*
52,750
Balance Sheet
Liabilities
Assets
Bank Balance
Add: Interest on Capital
Add: Net profit
2,71,150
Cash in Hand
Bills Payable
Less: Depreciation
56,400
1,20,000
Outstanding Wages
1,08,000
Bills Receivable
Patent Right
Office Furniture
3,27,700