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QUESTION 5. From the following trial balance of Mr. Nath business, for the year ended 31" March 2008. (10) Debit ( Rs) Credit (Rs) Opening stocks 22,500 Purchase and sales 86,000 1,89,000 Discount 1,500 Debtors and creditors 19,000 27,000 Depreciation 7,000 Cash 8,900 Capital 1,71,300 Salaries 7,500 Bills Receivables 17,000 Carriage 700 Furniture 8,000 Bills payables 5,000 Machinery 2,00,000 Returns 4,000 3,800 Wages 16,000 Commission received 2,000 3,98,100 3,98,100 The closing Stock on 31 st March, 2008 was valued at 45,000. |
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Answer» Answer: particular debit. credit opening STOCK 22500 purchase &sale. 86000. 189000 discount. 1500 debtors & creditors. 19000. 27000 Depreciation. 7000 cash. 8900 capital. 171300 salary. 7500 Bills receivable. 17000 carriage. 700 Furniture. 8000 bills payable. 5000 Machinery. 200000 Return. 4000 3800 wages. 16000. COMMISSION received. 2000 Total. 398100. 398100 |
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