Question - 11

Prepare final accounts from the following trial balance on 31st March 2002:

Capital Rs. 30,000
Drawings Rs. 2,500
Freehold building Rs. 12,000
Machinery Rs. 4,820
Opening stock Rs. 7,834
Furniture and fittings Rs. 1,200
Wages Rs. 9,675
Freight on purchases Rs. 952
Purchases Rs. 33,437
General Exp. Rs. 1,767
Rent & Taxes Rs. 770
Advertisement Rs. 10,716
Provisions for bad debts Rs. 500
Sundry debtors Rs. 17,860
Sundry Creditors Rs. 10,733
Salaries Rs. 3,862
Mortgage on freehold property Rs. 5,000
Interest 6% p.a. Rs. 5,000
Sales Rs. 61,725
Sales returns Rs. 683
Cash Rs. 100
Bank overdraft Rs. 543
Insurance Rs. 325.