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Mr. Gopal Das has only a Bank Pass Book and does not keep any other books of accounts. From the following information prepare his Final Accounts for the year ended 31st March, 2015.An analysis of the Pass Book shows:-Total amount received from Debtors and deposited with the Bank ₹ 2,20,000; Payment to Creditors ₹ 1,82,000; Salaries ₹ 6,000; Rent paid ₹ 4,800; Advertisement ₹ 2,000; Printing ₹ 800; Personal Expenses ₹ 4,000; Payment for Furniture ₹ 12,000; Balance at Bank on 31st March, 2015, ₹ 21,000.Other Assets and Liabilities were as follows: 1-4-2014 31-3-2015 ₹ ₹ Sundry Debtors 30,000 42,000 Sundry Creditors 20,000 15,000 Stock 34,000 ? Salary Outstanding 400 500 Mr. Gopal Das takes 20% profit on sales. |
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Answer» Mr. Gopal Das has only a Bank Pass Book and does not keep any other books of accounts. From the following information prepare his Final Accounts for the year ended 31st March, 2015. An analysis of the Pass Book shows:- Total amount received from Debtors and deposited with the Bank ₹ 2,20,000; Payment to Creditors ₹ 1,82,000; Salaries ₹ 6,000; Rent paid ₹ 4,800; Advertisement ₹ 2,000; Printing ₹ 800; Personal Expenses ₹ 4,000; Payment for Furniture ₹ 12,000; Balance at Bank on 31st March, 2015, ₹ 21,000. Other Assets and Liabilities were as follows:
Mr. Gopal Das takes 20% profit on sales. |
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