Page 18 - Chapter-11.pmd

454 Accountancy

Working Notes :

Total Debtors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Balance b/d 9,000 Cash 30,000
Sales (credit) 34,400 Discount allowed 1,400
(balancing figure)
Balance c/d 12,000
43,400 43,400

Total Creditors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.

Cash 20,000 Balance b/d 14,400
Discount received 1,700 Purchases (credit) 14,100
(balancing figure)
Balance c/d 6,800
28,500 28,500

Statement of Affairs as at March 31,2014

Liabilities Amount Assets Amount
Rs. Rs.
Creditors 14,400 Washing equipment 40,000
Capital 55,600 Furniture 3,000
(balancing figure) Stock of material 10,000
Debtors 9,000
Cash 8,000
70,000 70,000

Illustration 6

Mrs. Surabhi started business on January 01, 2013 with cash of Rs. 50,000, furniture of
Rs. 10,000, goods of 2,000 and machinery worth 20,000. During the year she further
introduced Rs. 20,000 in her business by opening a bank account. From the following
information extracted from her books, you are required to prepare final accounts for the
ended December 31, 2013.

2015-16