The accompanying is trial parity separated from the books of X as on 31 March 2009:
Debit Amount Rs.
Credit Amount Rs.
Capital Account
-
1,00,000
Plant and Machinery
78,000
-
Furniture
2,000
-
Purchases and Sales
60,000
1,27,000
Returns
1,000
750
Opening stock
30,000
-
Discount
425
800
Sundry Debtors/Creditors
45,000
25,000
Salaries
7,550
-
Manufacturing wages
10,000
-
Carriage outwards
1,200
-
Provision for doubtful debts
-
525
Rent, rates and taxes
10,000
-
Advertisements
2,000
-
Cash
6,900
-
2,54,075
2,54,075
Get ready exchanging and benefit and misfortune represent the year finished 31 March 2009 and an asset report on that date subsequent to considering the accompanying conformities:
(a) Closing stock was esteemed at Rs. 34,220.
(b) Provision for dicey obligations is to be kept at Rs. 500 (c) Depreciate plant and apparatus @ 10% p.a.
(d) The proprietor has taken products worth Rs. 5,000 for individual utilization and also disseminated products worth Rs. 1,000 as tests.
(e) Purchase of furniture Rs. 920 has been gone through buys book.