Page 58 - VIRANSH COACHING CLASSES

IN THE BOOKS OF RIDDHI AND SIDDHI
TRADING AND PROFIT AND LOSS ACCOUNT
For the year ended 31 March, 2019
st
Dr. Cr.
Particulars Amount Amount Particulars Amount Amount
` ` ` `
To Opening Stock 48,000 By Sales 47,000
To Purchases 22,500 Less : Sales Return 400 46,600
Less : Purchases Return 500 22,000 By Closing Stock 48,700

To Wages 800 By Good destroyed 3,000
Add : Outstanding Wages 700 1,500 by fire
To Carriage Inward 1,000
To Gross Profit c/d 25,800

98,300 98,300

To Insurance 1,200 By Gross Profit b/d 25,800
Less : Prepaid 300 900 By Rent 1,800
To Depreciation on : By R.D.D (Old) 350
Land & Building 4,250 Less : Bad-debts(New) 300 50
Furniture 1,935 6,185 By Discount 1,000
To Travelling Expenses 250
Add : Outstanding 200 450
To Loss by fire 3,000

To Carriage Outward 900
To Discount 700
To Advertisement 4,150
To Net Profit Transferred
to Capital A/c

Riddhi 6,183
Siddhi 6,182 12,365
28,650 28,650

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