Cargo paid on the machinery

Reference no: EM13904091

The accompanying is the Trial Balance of X on 31 March 2009:

Modification:

(i) Closing Stock Rs. 2,25,000.

(ii) Machinery worth Rs. 45,000 obtained on 1-10-08 was indicated as Purchases. Cargo paid on the Machinery was Rs. 5,000, which is incorporated in Freight on Purchases.

(iii)Commission is payable at 2½% on Sales.

(iv) Investments were sold at 10% benefit, yet the whole deals continues have been taken as Sales.

(v) Write off Bad Debts Rs. 10,000 and make a procurement for Doubtful Debts at 5% of Debtors. (vi) Depreciate Building by 2½% p.a. furthermore, Machinery and Furniture at 10% p.a. Get ready Trading and Profit and Loss Account for the year finishing 31 March 2009 and a Balance Sheet as on that dat

Reference no: EM13904091

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