HW 16 Particulars
در رد
Salary less oprating capense Gand A) 1,00.000 Sales revenue
Commission s and on
Insurance G and a
Following is the trial balance of Shri Mai Company as on Ashadh 31,2077:
Debit (Rs.)
Particulars
60,000 Share capital
Beginning inventory
2,50,000 Bank loan
Purchases
1,00,000 Sales revenue
70,000 Retained eamings
18,000 Accounts payable
15,000 Dividend received
1,70,000
Bank balance
Accounts receivable
80,000
Plant and machinery
1,20,000
Goodwill
30,000
Other fixed assets
1,70,000
Total
10,83,000 Total
HW 18
Additional information:
Ending inventory of Rs.50,000
Salary dues of Rs.5,000
Depreciate plant and machinery by 10%
Income tax rate is 30%
.
Required: a) Multi-step income statement
b) Balance sheet
[Ans.: NIAT Rs. 26,600, RE Rs.75,600; BS BS​