Question No 14 Chapter No 18
14. From the following particular, prepare Balance Sheet as at 31st March, 2018:
| Dr | Cr | |
| Capital | … | 4,00,000 |
| Drawings | 44,000 | … |
| Debtors and Creditors | 64,000 | 42,000 |
| Cash in Hand | 3,600 | … |
| Cash at Bank | 72,000 | … |
| Plant | 1,00,000 | … |
| Furniture | 37,000 | … |
| Net Profit | … | 16,600 |
| General Reserve | … | 10,000 |
| Closing Stock | 1,48,000 | … |
| Total | 4,68,600 | 4,68,600 |
The solution of Question No 13 Chapter No 18:-
| Balance Sheet as on March 31, 2018 |
|||||
| Liabilities |
Amount | Assets |
Amount | ||
| Capital | 4,00,000 | Plant | 1,00,000 | ||
| Less: Drawings | 44,000 | Furniture | 8,000 | ||
| Add: Net Profit | 16,600 | 3,72,600 | Closing Stock | 1,48,000 | |
| General Reserve | 10,000 | Debtors | 64,000 | ||
| Creditors | 42,000 | Cash at Bank | 72,000 | ||
| Cash in Hand | 3,600 | ||||
| 4,24,600 | 4,24,600 | ||||
Final Accounts: Meaning, Definition and Explanation
Profit and Loss Account: Meaning, Format & Examples
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Also, Check out the solved question of previous Chapters: –
-
- Chapter No. 1 – Introduction to Accounting
- Chapter No. 2 – Basic Accounting Terms
- Chapter No. 3 – Theory Base of Accounting, Accounting Standards and International Financial Reporting Standards(IFRS)
- Chapter No. 4 – Bases of Accounting
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 7 – Origin of Transactions – Source Documents and Preparation of Vouchers
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
- Chapter No. 11 – Special Purpose Books II – Other Books
- Chapter No. 12 – Bank Reconciliation Statement
- Chapter No. 13 – Trial Balance
- Chapter No. 14 – Depreciation
- Chapter No. 15 – Provisions and Reserves
- Chapter No. 16 – Accounting for Bills of Exchange
- Chapter No. 17 – Rectification of Errors
- Chapter No. 18 – Financial Statements of Sole Proprietorship
- Chapter No. 19 – Adjustments in preparation of Financial Statements
- Chapter No. 20 – Accounts from incomplete Records – Single Entry System
- Chapter No. 21 – Computers in Accounting
- Chapter No. 22 – Accounting Software – Tally
- Chapter No. 5 – Accounting Equation
- Chapter No. 6 – Accounting Procedures – Rules of Debit and Credit
- Goods and Services Tax(GST)
- Chapter No. 8 – Journal
- Chapter No. 9 – Ledger
- Chapter No. 10 – Special Purpose Books I – Cash Book
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