Account Unit 2 Sum 4 Answer PDF
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Summary
This document contains financial accounts for a company, including manufacturing, trading, and profit and loss accounts, and a balance sheet.
Full Transcript
## In the books of Shree Corporation ### Manufacturing A/c | | | | |---|---|---| | **Opening Stock of R.M** | 6000 | | | **(+) Purchase** | 7,24,000 | | | **(-) R.M (Closing)** | 7,33,000 | | | **Rent** | 900 | | | **Carriage Inward** | 1,500 | | | **(+) Works Cost of Production** | | | |...
## In the books of Shree Corporation ### Manufacturing A/c | | | | |---|---|---| | **Opening Stock of R.M** | 6000 | | | **(+) Purchase** | 7,24,000 | | | **(-) R.M (Closing)** | 7,33,000 | | | **Rent** | 900 | | | **Carriage Inward** | 1,500 | | | **(+) Works Cost of Production** | | | | **(4) W.I.P (Op)** | 14,000 | | | **(Closing)** | 11,000 | | | **Fire Insurance** | 420 | | | **Manufacturing Wages** | 12,000 | | | **Factory Power Fuel** | 600 | | | **(*) ** | **1,57,420** | **By Net Works Cost of Production** | | **(*) ** | **752,420** | | ### Trading A/c | | | | |---|---|---| | **Opening Stock** | 7,000 | | | **To Net Works Cost of Production** | **1,57,420** | | | **CP** | **104,030** | | | **2,62,450** | | **Sales** | **2,52,450** | | **By Closing Stock** | **10,000** | | | **2,62,450** | | **2,62,450** | ## P&L A/c | | | | |---|---|---| | **To Int. on Capital** | 4,000 | | | **Depreciation** | | | | **Motorcar** | 1,200 | | | **Machinery** | 4,500 | | | **Furniture** | 450 | | | **Bad Debts (T.B)** | | | | **Bad Debts (A/c 3)** | 800 | | | **DBDR (CA/c 1)** | 3,700 | | | **BDR (T.B)** | 120 | | | **Carriage Outward** | 900 | | | **Discount Allowed** | 210 | | | **Printing and St.** | 360 | | | **Miscellaneous Exp.** | 1,680 | | | **Advertisement** | 9000 | | | **Salaries** | 10,400 | | | **Rent** | 1800 | | | **NP** | **65,510** | **By CP** | **204,030** | | ** | ** | **Rent Receivable** | **600** | | | ** | **Int Accrued on FD** | **160** | | | ** | **Rent** | **1,800** | | **7,06,590** | ** | ** | ** | | ** | ** | ** | **106,590** | | ** | ** | ** | **7,04,790** | | ** | ** | ** | **2,04,790** | ## Balance Sheet | | | | | |---|---|---|---| | **Capital** | **45,000** | **Motorcar** | **12,000** | | **(+) Int. on Capital** | **4,000** | **(-) Depreciation (-) (1,200)** | **10,800** | | **49,000** | ** | **Machinery** | **45,000** | | **(-) Drawings (₹3,600)** | **45,400** | **(-)Depreciation(-) (4,500)** | **40,500** | | **Sundry Creditors** | **7,10,910** | **Furniture** | **4,500** | | **10,200** | | **Fixed Deposit with BOB** | **4,000** | | | ** | **Rent Receivable** | **600** | | ** | ** | **Debtors** | **37,800** | | ** | ** | **(-) Bad Debts (-) (800)** | **37,000** | | | | **(-) BDR (-) (3,700)** | **33,300** | | | | **Bank Bal. with BOB** | **7,500** | | | | **(-) FD (-) (4,000)** | **3,500** | | ** | ** | **Accrued Int. on FD** | **760** | | | | **Cash in Hand** | **1,200** | | | | **Closing Stock** | **2,22,220** | | | | **Finished Goods** | **10,000** | | | | **Raw Material** | **2,000** | | | | **W.I.P** | **11,000** | **23,000** | | **7,21,210** | ** | ** | **2,22,220** | | | | **To Int. on Capital** | **4,000** | | | | | **Depreciation** | **1,200** | | | | | **4,500** | | | | | **450** | | | | | **Bad Debts** | **800** | | | | **DBDR** | **3,700** | | | | | **Discount** | **210** | | | | | **Printing** | **360** | | | | | **Miscellaneous** | **1,680** | | | | | **Advertisement** | **9,000** | | | | | **Salaries** | **10,400** | | | | | **Rent** | **1,800** | | | | **| ** |
