The following balances were extracted from the books of Thomas as on 31st March, 2018
| Particulars |
Rs |
Particulars |
Rs |
| Purchases |
75,000 |
Capital |
60,000 |
| Returns inward |
2,000 |
Creditors |
30,000 |
| Opening stock |
10,000 |
Sales |
1,20,000 |
| Freight inwards |
4,000 |
Returns outward |
1,000 |
| Wages |
2,000 |
|
|
| Investments |
10,000 |
|
|
| Bank charges |
1,000 |
|
|
| Land |
30,000 |
|
|
| Machinery |
30,000 |
|
|
| Building |
25,000 |
|
|
| Cash at bank |
18,000 |
|
|
| Cash in hand |
4,000 |
|
|
| |
2,11,000 |
|
2,11,000 |
Additional information:
(a) Closing stock Rs 9,000
(b) Provide depreciation @ 10% on machinery
(c) Interest accrued on investment Rs 2,000
Prepare trading account, profit and loss account and balance sheet.
