Page 34 - VIRANSH COACHING CLASSES

IN THE BOOKS OF DAYA AND KSHAMA
Trading, Profit and Loss Account for the year Ended 31st March 2019
Dr. Cr.

Particulars Amt Amt Particulars Amt Amt
` ` ` `
To Opening Stock 65,000 By Sales 2,85,500

To Purchases 1,48,000 Add :Unrecorded Sales 6,000
Less - Purchases Return 4,000 1,44,000 2,91,500
To Royalties 3,000 Less : Sales Return 2,000 2,89,500
To wages and Salaries 9,000 By Goods take over by 1,000
Daya for Personal Use
To Gross Profit c/d 1,09,500 By Closing Stock 40,000

3,30,500 3,30,500
To Advertisement 4,500
Add : o/s for 3 months 1,500 6,000 By Gross Profit b/d 1,09,500
To Audit fees 1,200 By Interest Accrued on 2,000
To Depreciation on : Investment
Building 3,750 By Discount 1,800

Machinery 3,444 7,194
To Bad debts (old) 1,000
Add : New Bad Debts 1,800
Add : New R.D.D. 6,985
9,785
Less : R.D.D.(old) 1,800 7,985
To Discount 2,300

To Net Profit
(Transferred to Capital A/c's)
Daya 44,311
Kshama 44,310 88,621

1,13,300 1,13,300

25