Bharathiar University 2006 B.Com University - Question Paper

Rent 400
Wages 340
Sundry exp. 80

18. (a) elaborate the differences ranging from statement of affairs and balance sheet?

(or)

(b) Eswar commenced business on first Jan 2002 with a capital of Rs .25, 000.He immediately bought furniture for Rs.4, 000. During the year he borrowed Rs.500 from his spouse and introduced a further capital of Rs. 3,000. he had withdrawn rs.600 at the end of every month for family expenses. From the subsequent particulars found from his books, you are needed to prepare trading, profit and loss account for the year ended 31.12.2001.
Rs.

Sales (cash sales rs.30, 000) 1, 00,000
Purchase (cash purchase Rs.10, 000) 75,000
Carriage 700
Wages 300
Discount allowed to debtors 6,200
Bad debts written off 1,500
Trade expenses 1,200
Advertisement 2,200

Eswar has goods worth Rs 1,300 for private purpose and paid Rs 500 to his son , which is not recorded anywhere .on 31.12.2002 his debtors were worth rs.21,000 and creditors Rs.15,000 stock in trade on that date was worth Rs.10,000. Furniture to be depreciated at 10% p.a.



19 (a) A, B are partners in affirm sharing profits and losses at 2:1. The subsequent is their balance sheet on 31.3.2004:
Rs Rs
Creditors 20,000 Bank 19,700
A`s Capital 50,000 B/R 17,500

Earning:   Approval pending.