DEBTORS AC IS CLOSED BY

SALES RETURN AC IS CLOSED BY

TO AVOID DELAY IN PREPARATION OF FINAL AC, DIFFERENCE IN TB IA PUT TO:

TRIAL BAL IS AN ACCOUNT

NET SALES 600000.GP 25% ON COGS. FIND GP & COST

CALCULATE NET SALES AND GP: COGS 100000; GP 20% ON SALES

STABLE EXP ARE RECORDED IN

BAD DEBTS RECOVERED 4000000 IS CREDITED TO

NP B4 M COMMISSION IS 252000. IF THE AMT OF COMMISSION IS 27000 .WHAT IS RATE OF CMMISSION, IF COMMISSION IS CALCULATED ON THE BASIS OF AFTER CHARGING COMMISSION

SD 102000; BD 2000 PFDD 5000;

ADJUSTMENTS:

FBD 2000 PFDD1% AMOUNT TO BE RECORDED IN PNL

A is keeping his account according to SES. His cap on 31 12 15 was 200000.and on 31.12.16 425000.he lent 30000 to his brother and withdrew Rs 1000 pm.Rent 18000 pm and electricity charges 10% pm for domestic use, paid out of business fumds.he sold bonds Rs 50000 at 1% and brought that money into business. Profit ?

BILL DRAWN AND ACCEPTED ON 27 NOVEMBER 2015 FOR 3 MONTHS . WHAT WILL BE THE DUE DATE IF THE BILL IS AFTER SIGHT.

OS 18000 PUR 69000 SALES 102000 SR 2000 FREIGHT 10000 RATE OF GP ON COST 25% CS?

IN TRIAL BALANCE : PURCHASES 100 000

ADJUSTMENTS

GODDS COSTING 10000LOST BY FIRE

INSURANCE COMPANY ADMITTED A CLAIM 73%

TREATMENT?

RENT PAID ON 1.10.2018 FOR ONE YEAR 2400, RENT PAID ON 1.1019. FOR ONE YEAR 3200.RENT SHOWN IN PL AC ON 31.3.2019?

INSURANCE PAID RS 4000(INCLUDING PREMIUM OF RS 3000 PER ANNUM PAID UPTO 30 JUNE 2020.WHAT IS THE AMOUNT OF PREMIUM TO BE ADJUSTED AS PREPAID?

WHICH OF THE FOLLOWING IS SHOWN AS FOOT NOTES?

CLOSING STOCK IS VALUED AT 6000 AND MARKET PRICE IS 5500 WHICH AMT WILL BE SHOWN IN TRADING AND BS

PROFIT AND LOSS ACCOUNT IS A PERIODIS STATEMENT