Programme Code : BDP
Course Code : eco-02
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Year : 2013 Views: 1070 Submitted By : dayanand On 31st May, 2013

Do you have solution for this Question. If yes    I aslo want solution.

Q.


4

4.

A merchant keeps incomplete records. During 2010 the analysis of his cash book was as under:

Rs.

Rs.

Receipts from Debtors

4,000

Bank overdraft (1-1-2010)

600

Additional Capital Introduced

Payments to Creditors

2,700

on 1-9-2010

300

General Expenses

900

Loan from C on 1-7 - 2010

Salaries

300

@ 6% interest p.a.

1,500

Drawings

400

Bank Balance (31-12-2010)

900

5,800 5,800

On 1

st

January

, 2010 the following balances were recorded: Building Rs. 2,500; S

tock Rs. 1,800;

Debtors Rs 5,300 and Creditors Rs. 1,500

The Balances on 31

st

Dec. 2010 were: Debtors Rs. 6,000; Building Rs. 2,500; Creditors Rs 1,900

and Stock Rs. 2,600.

Allow 5% depreciation on Building. Provide interest on C’

s loan for six months. Prepare trading,

Profit and Loss

Account and Balance Sheet on 31-12-2010. (20


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