Profit & Loss A$/$c$.$

$\backslash$table$[[$Particular$,$Rs$.,$Particular,Rs$.],[$To Office Exp.,$3,70,000,$By Gross Profit,$7,18,421],[$To Int. on Deb.,$30,000,$By Commission,$(?)],[$To Tax. Provision,$18,421,,],[$To Net Profit,$3,50,000,,(?)],[,(?),,]]$

Balance Sheet

$\backslash$table$[[$Particular$,$Rs$.,$Particular,Rs$.],[$Paid Up Capital,$5,00,000,$Plant & machinery,$7,00,000],[$General Reserve,$(?),$Stock,$(?)],[$P & L a$/$c$.,(?),$Debtors,$(?)],[10\%$ Debenture,$(?),$Bank,$62,500],[$Current Liabilities,$6,00,000,$Other Fixed Assets,$(?)],[,,(?),]]$

Find out missing items with the help of other details are as under:

Current ratio was $2$:$1.$

Closing stock is $25\%$ of sales.

Proposed dividend was $40\%$ of paid up capital.

Gross profit ratio was $60\%$

Amount transfer to general reserve is same as proposed dividend.

Balance of $P$&$L$ account is calculated $10\%$ of proposed dividend.

Commission income is $\frac{1}{7}$ of net profit.

Balance of general reserve is twice the current year transfer amount.

$(5$ marks$)$Following are incomplete Trading & Profit and Loss A$/$c$.$ and Balance Sheet Profit & Loss A$/$c

Q$3$a$.$ Following are incomplete Trading & Profit and Loss A$/$c$.$ and Balance Sheet

Trading A$/$c$.$

Find out missing items with the help of other details are as under:

$1.$ Current ratio was $2$:$1.$

$2.$ Closing stock is $25\%$ of sales.

$3.$ Proposed dividend was $40\%$ of paid up capital.

$4.$ Gross profit ratio was $60\%$

$5.$ Amount transfer to general reserve is same as proposed dividend.

$6.$ Balance of P&L account is calculated $10\%$ of proposed dividend.

$7.$ Commission income is $1/7$ of net profit.

$8.$ Balance of general reserve is twice the current year transfer amount.