The following are the balances extracted from the books of Sri Raghuram as on 31.03.2018 who...

    

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The following are the balances extracted from the books of Sri Raghuram as on 31.03.2018 who carries on business under the name and style of M/s Raghuram and Associates of Chennai: Particulars Capital A/c Purcases Purchase Returns Sales Sales Returns Freight Inwards Carriage Outwards Rent of Godown Rent and Taxes Debit (Rs.)Credit (Rs.) 14, 11,400 12,000 24,000 62,000 8,500 55,000 24,000 72,000 7,500 Salaries Discount allowed Discount received Drawings 20,000 Printing and Stationary 6,000 Insurance and Premium 48,000 Electricity charges 14,000 General expenses 11,000 Bank charges 3,800 18,000 15,00,000 12,000 Prepare Trading and Profit and Loss Bank charges Bad debts 3,800 12,200 Repairs the Motor vehicle 13,000 Interest on loan 4, 400 Provision for Bad-debts Loan from Mr. Rajan Sundry creditors Motor vehicles Land and Buildings Office Equipment Furniture and Fixtures Stock as on 31.03.2017 Sundry debtors Cash at Bank Cash in Hand 1,00,000 5,00,000 2,00,000 50,000 3,20,000 2,80,000 22,000 16,000 10,000 60,000 62,000 30, 73,400 30, 73,400 Account for the year ended 31.03.2018 and the Balance Sheet as at that date after making provision for the following: (a) Depreciate Building by 5% Furniture and Fixtures by 10% Office Equipment by 15% and Motor car by 20% (a) Depreciate Building by 5% Furniture and Fixtures by 10% Office Equipment by 15% and Motor car by 20% (b) Value of stock at the close of the year was Rs. 4, 10,000 (c) One month rent for godown is outstanding (d) Interest on loan from Rajan is payable @ 10% per annum. This loan was taken on 01.07.2017. (e) Reserve for bad debts is to be maintained at 5% Sundry debtors (f) Insurance premium includes Rs. 42,000 paid towards proprietor's life insurance policy and the balance of the insurance charges cover the period from 01.04.2017 to 30.06.2018 The following are the balances extracted from the books of Sri Raghuram as on 31.03.2018 who carries on business under the name and style of M/s Raghuram and Associates of Chennai: Particulars Capital A/c Purcases Purchase Returns Sales Sales Returns Freight Inwards Carriage Outwards Rent of Godown Rent and Taxes Debit (Rs.)Credit (Rs.) 14, 11,400 12,000 24,000 62,000 8,500 55,000 24,000 72,000 7,500 Salaries Discount allowed Discount received Drawings 20,000 Printing and Stationary 6,000 Insurance and Premium 48,000 Electricity charges 14,000 General expenses 11,000 Bank charges 3,800 18,000 15,00,000 12,000 Prepare Trading and Profit and Loss Bank charges Bad debts 3,800 12,200 Repairs the Motor vehicle 13,000 Interest on loan 4, 400 Provision for Bad-debts Loan from Mr. Rajan Sundry creditors Motor vehicles Land and Buildings Office Equipment Furniture and Fixtures Stock as on 31.03.2017 Sundry debtors Cash at Bank Cash in Hand 1,00,000 5,00,000 2,00,000 50,000 3,20,000 2,80,000 22,000 16,000 10,000 60,000 62,000 30, 73,400 30, 73,400 Account for the year ended 31.03.2018 and the Balance Sheet as at that date after making provision for the following: (a) Depreciate Building by 5% Furniture and Fixtures by 10% Office Equipment by 15% and Motor car by 20% (a) Depreciate Building by 5% Furniture and Fixtures by 10% Office Equipment by 15% and Motor car by 20% (b) Value of stock at the close of the year was Rs. 4, 10,000 (c) One month rent for godown is outstanding (d) Interest on loan from Rajan is payable @ 10% per annum. This loan was taken on 01.07.2017. (e) Reserve for bad debts is to be maintained at 5% Sundry debtors (f) Insurance premium includes Rs. 42,000 paid towards proprietor's life insurance policy and the balance of the insurance charges cover the period from 01.04.2017 to 30.06.2018

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Ms Raghuram and Associates Trading Account for the year ended 31st March 2018 Particulars Details Amount Particulars Details Amount Rs Rs To opening S... View the full answer