Question: Plz avoid giving half Ans. need full information Disclosure in Final A/c Dr. P and L Ale By Rent C. Balance sheet 1.80,000 Rent received
Plz avoid giving half Ans. need full information

Disclosure in Final A/c Dr. P and L Ale By Rent C. Balance sheet 1.80,000 Rent received 15,000 in advance b39 Sum 12 The following is the Trial Balance of Mt. Sagar on March 31, 2008. You are required to prepare the final accounts showing the result of the transaction of the year. Debit Balances Rs. Credit Balances Rs. Plant and Machinery 55,000 Capital Accounts 1,00,000 Stock on 1.4.2007 38,000 Bills Payable 5.500 Furniture 13.000 Sundry Creditors 95.000 Salary (10 months) 10,000 Provision for Bad Debts 2.500 Sundry Debtors 59.000 Purchase Returns 3.200 Cash in hand 5,500 Discount carned 3,800 Cash at bank 2,600 Sales 3,00,000 Wages - at factory 1,00,000 Dividend 10,000 Wages - office 10,000 Rent 30,000 Purchases 1.83.200 Bank Overdraft 50,000 Sales Returns 5.000 Bills Receivable 5.200 Rent 6,000 Drawings Lighting and Heating (factory) 700 Telephone 5.350 Insurance 2.750 Advertising 2.500 Interest accrued but not due 5,000 Investment in shares 75,000 General Expenses 3.700 Bad Debts. 6,500 6,00,000 6,00.000 Adjustments: 1. The closing stock of the firm is valued at Rs. 50,000. The market value of 20% stock is less by 10% and the value of 10% thestock is more by 20% 2. Dividend receivable Rs. 5,000 is outstanding. 3. Rent received in advance is Rs. 3,000. 4. Insurance of Rs.750 is paid in advance. 5. Interest @ 5% is outstanding on bank overdraft. 6,000
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