Prepare a Trading Account from the following particulars for the year ended March 31, 2012:

(Rs.)
Opening stock	37,500
stock	1,05,000
Sales	2,70,000
Wages	30,000

6

(a)

Prepare a Trading Account of M/s Pushpanjali from the following information related to 2013-14:

(Rs.)
Opening stock	60,000
Purchases	3,00,000
Sales	7,50,000
Purchases returns	18,000
Sales returns	30,000
Carriage on purchases	12,000
Carriage on sales	15,000
Factory rent	18,000
Office rent	18,000
Dock and Clearing charges	48000
Freight and Octroi	6,500
Coal, Gas and Water	10,000

6

(a)

Calculate Gross Profit from the following information:

Particulars	Amount (Rs.)	Particulars	Amount(Rs.)
Opening stock	15,000	Purchases returns	1,000
Purchases	25,000	Sales returns	2,000
Sales	60,000	Carriage	3,000
Salaries and wages	4,000	Octroi	1,000
Motive power	3,000	Freight outward	4,000
Closing stock	12,000	Wages	7,000

6

(a)

Prepare trading account only from the following Trial Balance of Priyanka Hotel as on 31^st March, 2014:

Particulars	Debit (Rs.)	Credit (Rs.)
Purchases	15,750
Sales		21,000
Returns Inward	600
Opening Stock	13,000
Freight Outward	65
Carriage Inward	50
Salaries and Wages	572
Rent and Taxes	226
Travelling Expenses	187
Discount Allowed	115
Commission	108
Bank A/c	6,647
Trade Creditors		2,700
Sundry Debtors	4,380
Capital		20,000
Drawings A/c	2,000
	43,700	43,700

Closing Stock was estimated at Rs.12,000

6

(a)

From the following balances obtained from the few accounts of Mr. K. Kaushik. Prepare the Trading and Profit & Loss Account for the year ended 31^st March, 2014 :

Particulars	(Rs.)	Particulars	(Rs.)
Stock on ApI 01, 2013	8,000	Bad debts	1,200
Purchases for the year	22,000	Rent	1,200
Sales for the year	42,000	Discount allowed	600
Purchase expenses	2,500	Commission paid	1,100
Salaries and wages	3,500	Sales expenses	600
Advertisement	1,000	Repairs	600

6

(a)

Following balance is extracted from the books of a trader. Ascertain Gross Profit, Operating Profit and Net Profit for the year ended March 31, 2014 :

Particulars	Amount (Rs.)
Sales	75,250
Purchases	32,250
Opening stock	7,600
Sales returns	1,250
Purchases returns	250
Rent	300
Stationery and printing	250
Salaries	3,000
Misc. expenses	200
Travelling expenses	500
Advertisement	1,800
Commission paid	150
Office expenses	1,600
Wages	2,600
Profit on sale of investment	500
Depreciation	800
Dividend on investment	2,500
Loss on sale of old furniture	300

Closing stock (March 31, 2014) valued at Rs. 8,000.

6

(a)

Prepare Trading and Profit & Loss Account and a Balance Sheet as on 31st March, 2014 from the under mentioned Trial balance of M/s Sahni Bros. Closing stock was valued at Rs.9,000.

Trial Balance as on 31st March, 2014

Particulars	Debit Rs	Credit Rs
Opening Stock	10,000
Purchases and Sales	20,000	40,000
Purchases and Sales Returns	2,000	1,000
Discount	1,000	2,000
Capital and Drawings	5,000	65,000
Cash and Bank Overdraft	7,000	12,000
Debtors and Creditors	19,000	12,000
Carriage and Cartage	3,000
Freight Outward	4,000
Salaries and wages	6,000
Stationery	4,000
Land and Building	35,000
Plant and Machinery	15,000
Fixtures and Fittings	5,000
Bills Receivable and Payable	6,000	4,000
General Reserve		6,000
	1,42000	142,000

6

(a)

The following are the extracts from the trial balance of M/s Bhola & Sons as on March 31, 2014:

Particulars	Debit Rs	Credit Rs
Opening Stock	2,00,000
Purchases	8,10,000
Sales		10,10,000
	10,10,000	10,10,000

You are required to record the necessary journal entries and show how the above items will appear in the Trading and Profit & Loss Account and Balance Sheet of M/s Bhola & Sons. The value of closing stock on March 31, 2014 was Rs.3,00,000

6

(a)

From the understated Trial Balance, prepare Trading and Profit & Loss Account and Balance Sheet:

Trial Balance as at 31st March, 2014

Particulars	Amount Rs	Particulars	Amount Rs
Debit Balances		Debit Balances
Debtors	52,720	General Expenses	29,420
Bills Receivable	1,00,000	Carriage Outward	94,240
Salaries (General)	10,000	Other Assets	11,38,840
Rates and Taxes	22,400	Drawings	10,000
Travelling Expenses	35,500	Stock on 1.4.2013	5,60,000
Insurances (General)	800	Cost of goods manufactured	11,11,980
Bad Debts	4,100	Credit Balances:
		Sales	17,40,000
		Profit & Loss Balance as on	1,20,000
		1.4.2013 Capital	13,10,000

Closing Stock of Finished Goods Rs.3,43,240

6

(a)

Discuss the need of preparing the Balance Sheet

6

(a)