Page 20 - Chapter-11.pmd

456 Accountancy

Balance Sheet of Mrs. Surabhi as at December 31, 2013

Liabilities Amount Assets Amount
Rs. Rs.
Creditors 35,000 Cash 20,000
Bank 13,000
Capital 1,00,000 Stock 25,000
Add Net profit 36,500 Debtors 70,000
1,36,000 Furniture 10,000
Add Additional capital 20,000 Less Depreciation (1,000) 9,000
1,56,500 Machinery 20,000
Less Depreciation (4,000) 16,000
Less Drawings
Cash 36,000
Goods 2,500 (38,500) 1,18,000
1,53,000 1,53,000

Working Notes :

(i) Total Debtors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.

Balance b/d NIL Cash 57,500
Sales (credit) 1,30,000 Discount allowed 1,200
(balancing figure)
Bad debts 1,300
Balance c/d 70,000
1,30,000 1,30,000

(ii) Total Creditors Account
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
Rs. Rs.
Cash 42,000 Balance b/d NIL
Discount received 3,000 Purchase credit 80,000
(balancing figure)
Balance c/d 35,000
80,000 80,000

2015-16