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AmouR.XXXXXXxxprofit and Lon account of Mr-kumas for theyear ending 31.3.2009Grous prohit Rs. 125000 , Salariy Rs.5sdoo,carriage on sale Rs. 5000, Discount AllowedRs. 7500, Bad Debts Rs. 2500, Office RentRates & Insurance Rs. 4000, postage &Telephone.RS:1000, Depreciation Rs.6000,Repairs Rs. 4000 Interest on capitalRS.3500. Low due to fire accident Rs.8000, ,1901 tagabon.AdvertisementRs.2000, Interest onsDrawingsRent Received Rs.3000,profit on sale of Amet Rs.1000, DiscountCaz Received RS.4000 , Dividends Received Rs.2000,Generalpointing& Stationery Rs:ISDOand Apprentice shipcharges Rs. 3500premiumXXRS. 2000XXXXXXRS. 1500 ECOro borrie |
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Answer» Answer: d2005 eptember 1. Started business with Rs. 100,000, paid into Bank Rs. 40,000, 2. Bought furniture for Rs. 10,000 and machinery for Rs. 20,000 3. Purchased goods for Rs. 28,000. 6. Sold goods for Rs. 16,000. 8. Purchased goods from Ishtiaq & Co. Rs. 22,000. 10. Paid telephone rent for the YEAR by cheque Rs. 1,000. 11. Bought one typewriter for Rs. 4,200 from Universe Typewriter Co. on credit. 15. Sold goods to KHURRAM for Rs. 24,000. 17. Sold goods to Ajmal for Rs. 4,000 for cash. 19. Amount withdrawn from bank for personal use Rs. 3,000. 20. Withdrew from bank for business use Rs. 7,000. 21. Received cash from Khurram Rs. 23,800, DISCOUNT ALLOWED Rs. 200. 22. Paid into bank Rs. 11,600. 25. Goods worth Rs. 2,000 found defective were returned to Ishta & Co. and the balance of the amount due to them was settle by issuing a cheque in their favour. 28. Bought goods worth Rs. 4,200 from Aslam and supplied then to Akram at Rs. 6,000. 30. Akram returned goods worth Rs. 200, which in turn were se to Aslam at Rs. 140. 30. ISSUED a cheque for Rs. 2,000 in favour Explanation: 2005 eptember 1. Started business with Rs. 100,000, paid into Bank Rs. 40,000, 2. Bought furniture for Rs. 10,000 and machinery for Rs. 20,000 3. Purchased goods for Rs. 28,000. 6. Sold goods for Rs. 16,000. 8. Purchased goods from Ishtiaq & Co. Rs. 22,000. 10. Paid telephone rent for the year by cheque Rs. 1,000. 11. Bought one typewriter for Rs. 4,200 from Universe Typewriter Co. on credit. 15. Sold goods to Khurram for Rs. 24,000. 17. Sold goods to Ajmal for Rs. 4,000 for cash. 19. Amount withdrawn from bank for personal use Rs. 3,000. 20. Withdrew from bank for business use Rs. 7,000. 21. Received cash from Khurram Rs. 23,800, discount allowed Rs. 200. 22. Paid into bank Rs. 11,600. 25. Goods worth Rs. 2,000 found defective were returned to Ishta & Co. and the balance of the amount due to them was settle by issuing a cheque in their favour. 28. Bought goods worth Rs. 4,200 from Aslam and supplied then to Akram at Rs. 6,000. 30. Akram returned goods worth Rs. 200, which in turn were se to Aslam at Rs. 140. 30. Issued a cheque for Rs. 2,000 in favour |
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