Question: From the information given below, you are required to reconstruct certain nominal accounts of a restaurant, and to show clearly in each case the amount

From the information given below, you are required to reconstruct certain nominal accounts of a restaurant, and to show clearly in each case the amount of expenditure to be transferred to profit and loss account.

Account Opening Balance Cash paid Closing Balance Wages A/c 3000 (Cr.) 21,500

Account Opening Balance Cash paid Closing Balance Wages A/c 3000 (Cr.) 21,500 *3,000 (Cr.) Insurance A/c 400 (Dr.) 350 700 (Dr.) Repairs A/c 3000 (Cr.) 11,250 500 (Dr.) Stationery A/c 600 (Dr.) 5800 500 (Dr.)

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