Particulars
|
Debit
Amount (Rs.)
|
Credit
Amount (Rs.)
|
Capital Accounts
| ||
Apeksha
|
60000
| |
Pratiksha
|
35000
| |
Purchases and Sales
|
46700
|
85000
|
Sundry Debtors and Creditors
|
28000
|
25000
|
Bills Receivable and Bills Payable.
|
9600
|
7800
|
Opening Stock
|
18000
| |
Wages
|
9900
| |
Investment
|
13500
| |
Postage and Telegrams
|
3600
| |
Insurance
|
1200
| |
Plant and machinery
|
40700
| |
Furniture
|
18000
| |
Cash in hand
|
2500
| |
Carriage
|
3200
| |
Bad debts
|
400
| |
Prepaid rent
|
7000
| |
Salaries
|
10500
| |
212800
|
212800
|
Particulars
|
Amount Rs.
|
Amount Rs.
|
Particulars
|
Amount Rs.
|
Amount Rs.
|
To Opening Stock
|
18000
|
By Sales
|
85000
| ||
To Purchases
|
46700
|
By Drawing of Goods by Apeksha
|
2000
| ||
To Wages
|
9900
|
By Closing Stock
|
31000
| ||
Add: Outstanding
|
1400
|
11300
| |||
To Carriage
|
3200
| ||||
To Gross Profit C/d
|
38800
| ||||
118000
|
118000
|
Particulars
|
Amount Rs.
|
Amount Rs.
|
Particulars
|
Amount Rs.
|
Amount Rs.
|
To Salaries
|
10500
|
By Gross Profit b/d
|
38800
| ||
To Postage and Telegram
|
3600
| ||||
To Insurance
|
1200
| ||||
Less: Prepaid
|
500
|
700
| |||
To Bad debts
|
400
| ||||
Add: N.R.D.D.
|
1500
|
1900
| |||
To Depreciation on Furniture
|
1800
| ||||
To Net Profit Transferred to partners’s Capital Account.
| |||||
Apeksha Capital A/c
|
10150
| ||||
Pratiksha Capital A/c
|
10150
|
20300
| |||
38800
|
38800
|
Particulars
|
Apeksha
|
Pratiksha
|
Particulars
|
Apeksha
|
Pratiksha
|
To Drawings
|
2000
|
-
|
By Balance b/d
|
60000
|
35000
|
To Balance c/d
|
68150
|
45150
|
By Profit & Loss Account. [Net Profit]
|
10150
|
10150
|
70150
|
45150
|
70150
|
45150
|
Liabilities
|
Amount Rs.
|
Amount Rs.
|
Assets
|
Amount Rs.
|
Amount Rs.
|
Capital :
|
Plant and Machinery
|
40700
| |||
Apeksha
|
68150
|
Furniture
|
18000
| ||
Pratiksha
|
45150
|
113300
|
Less: Depreciation
|
1800
|
16200
|
Sundry Creditors
|
25000
|
Investment
|
13500
| ||
Bills Payable
|
7800
|
Bills Receivable
|
9600
| ||
Outstanding Wages
|
1400
|
Sundry Debtors
|
28000
| ||
Less: R.D.D.
|
1500
|
26500
| |||
Cash in Hand
|
2500
| ||||
Prepaid Rent
|
7000
| ||||
Closing Stock
|
31000
| ||||
Prepaid Insurance
|
500
| ||||
147500
|
147500
|