Following is the trial balance of Brijesh. Prepare final accounts for the year ended on 31st March, 2016
| Particulars |
Debit Rs |
Credit Rs |
| Stock as on 01-04-2015 |
2,00,000 |
|
| Purchases and Sales |
22,00,000 |
33,00,000 |
| Returns |
1,00,000 |
80,000 |
| Carriage inwards |
50,000 |
|
| Salaries |
2,60,000 |
|
| Insurance |
1,20,000 |
|
| Wages |
80,000 |
|
| Bad debts |
10,000 |
|
| Furniture |
7,00,000 |
|
| Capital |
|
7,50,000 |
| Printing and stationery |
80,000 |
|
| Cash at bank |
3,15,000 |
|
| Petty cash |
5,000 |
|
| Commission |
10,000 |
|
| |
41,30,000 |
41,30,000 |
Adjustments:
(i) Stock on 31st March, 2016 was valued at Rs 4,00,000.
(ii) Depreciate furniture @ 10% p.a.
(iii) Insurance of Rs 60,000 was paid in advance
(iv) Commission receivable Rs 50,000.
