Mr Samad, a sole trader extracted the following trial balancefrom his books for
ID: 2457549 • Letter: M
Question
Mr Samad, a sole trader extracted the following trial balancefrom his books for the year ending 31st March 1996.
Purchases and Sales
Stock on 1.4.1995
Capital on 1.4.195
Bank Overdraft
Cash
Discount
Returns Inwards
Returns Outwards
Carriage outwards
Rent and Insurance
Provision for bad& Doubtful debts
Fixtures and Fittings
Delivery Van
Debtors and Creditors
Drawings
Wages and Salaries
General Office Expenses
22860
5160
90
1440
810
2160
1740
1200
2100
11910
2880
8940
450
61740
41970
-
7200
4350
930
570
660
6060
The following adjustments are also to be made.
Adjustments:
a) Stock on 31st March1996 was Rs.4290
b) Wages and Salaries accrued at31st March 1996 Rs.210
c) Office Expenses owing Rs.20
d) Rent prepaid 31st March1996 Rs180
e) Increase the provision for bad anddoubtful debts by Rs. 810
f) Depreciation ischarged as follows :
Fixture & Fittings 10%
Delivery Vain Rs. 300
Required: Prepare a worksheet for the yearended 31st March 1996.
Purchases and Sales
Stock on 1.4.1995
Capital on 1.4.195
Bank Overdraft
Cash
Discount
Returns Inwards
Returns Outwards
Carriage outwards
Rent and Insurance
Provision for bad& Doubtful debts
Fixtures and Fittings
Delivery Van
Debtors and Creditors
Drawings
Wages and Salaries
General Office Expenses
22860
5160
90
1440
810
2160
1740
1200
2100
11910
2880
8940
450
61740
41970
-
7200
4350
930
570
660
6060
61740
Explanation / Answer
Mr Samad, a sole trader extracted the following trial balancefrom his books for
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