The Total solution for NCERT class 6-12
Account title
Amount
Rs
Amount Rs
Debtors
12,000
Apprenticeship premium
5,000
Purchases
50,000
Loan
10,000
Coal, gas and water
6,000
Bank overdraft
1,000
Factory wages
11,000
Sales
80,000
Salaries
9,000
Creditors
13,000
Rent
4,000
Capital
20,000
Discount
3,000
Advertisement
500
Drawings
Petty cash
Sales return
Machinery
Land and building
Income tax
100
Furniture
9,900
Trading Account as on March 31, 2017
Dr.
Cr.
Particulars
Coal, Gas and Water
Less: Sales Return
79,000
Factory Wages
Profit and Loss (Gross Profit)
Profit and Loss Account as on March 31, 2017
Trading (Gross Profit)
Apprenticeship Premium
Net Profit
17,000
Balance Sheet as on March 31, 2017
Liabilities
Assets
Add: Profit and Loss (Net Profit)
Land and Building
20,500
Less: Drawings
(1,000)
Loan (Given)
Less: Income Tax
(100)
19,400
Petty Cash
Loan (Taken)
Bank Overdraft
43,400