1.

Anand Mohan has kept incomplete books. From the following particulars, prepare his Final Accounts for the year ending 31st March, 2019:Receipts:- Received from Debtors ₹ 37,000; Fresh Capital brought in cash ₹ 20,000; Commission Received ₹ 2,800; Cash Sales ₹ 95,000.Payments:- Paid to Creditors ₹ 35,000; Cash Purchases ₹ 26,500; Ornaments for his wife ₹ 22,000; Wages ₹ 18,800; Rent ₹ 8,400; Salary ₹ 12,000.His Other Assets and Liabilities:- 31st March, 2018 31st March, 2019 ₹ ₹ Debtors 15,600 18,000 Creditors 15,400 13,000 Machinery 36,000 36,000 Stock 28,000 21,200 Cash 5,000 – Adjustments :-(1) Unpaid wages ₹ 1,500.(2) Provide for Doubtful Debts at 5% on Debtors.

Answer» Anand Mohan has kept incomplete books. From the following particulars, prepare his Final Accounts for the year ending 31st March, 2019:

Receipts:- Received from Debtors ₹ 37,000; Fresh Capital brought in cash ₹ 20,000; Commission Received ₹ 2,800; Cash Sales ₹ 95,000.

Payments:- Paid to Creditors ₹ 35,000; Cash Purchases ₹ 26,500; Ornaments for his wife ₹ 22,000; Wages ₹ 18,800; Rent ₹ 8,400; Salary ₹ 12,000.

His Other Assets and Liabilities:-








































31st March, 2018 31st March, 2019
₹ ₹
Debtors 15,600 18,000
Creditors 15,400 13,000
Machinery 36,000 36,000
Stock 28,000 21,200
Cash 5,000 –



Adjustments :-

(1) Unpaid wages ₹ 1,500.

(2) Provide for Doubtful Debts at 5% on Debtors.


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