Reference no: EM13904083

The accompanying is trial parity separated from the books of X as on 31 March 2009:

Debit Amount Rs.

Credit Amount Rs.

Capital Account

-

1,00,000

Plant and Machinery

78,000

-

Furniture 

2,000

-

Purchases and Sales

60,000

1,27,000

Returns

1,000

750

Opening stock

30,000

-

Discount

425

800

Sundry Debtors/Creditors

45,000

25,000

Salaries

7,550

-

Manufacturing wages

10,000

-

Carriage outwards

1,200

-

Provision for doubtful debts

-

525

Rent, rates and taxes

10,000

-

Advertisements

2,000

-

Cash

6,900

-

2,54,075

2,54,075

Get ready exchanging and benefit and misfortune represent the year finished 31 March 2009 and an asset report on that date subsequent to considering the accompanying conformities: 

(a)    Closing stock was esteemed at Rs. 34,220. 

(b)    Provision for dicey obligations is to be kept at Rs. 500 (c) Depreciate plant and apparatus @ 10% p.a. 

(d)    The proprietor has taken products worth Rs. 5,000 for individual utilization and also disseminated products worth Rs. 1,000 as tests. 

(e)    Purchase of furniture Rs. 920 has been gone through buys book.