F-45 1) The following balances appeared in the books of a merchant on 31" December, 2013. - Buildings Motor Trucks A Furniture Debtors Creditors 70,000 Carriage Inwards 12,000 1,640 15,600 Carriage Outwards 18,852 Insurance Stock 15,040 Cash in hand 988 Cash at bank 14,534 Bills Receivable 5,844 6,930 Bills Payable Purchases 85,522 Sales 1,21,850- Investments Capital 92,000 Returns Inwards Prepare final accounts for the year 2013 after taking into consideration the following matters. a) Stock on 31st December 2013 amounted to 15,500. b) Depreciation on Motor Trucks 20% and Furniture 10%. c) Write off further amount of 100 as bad debts and maintain the bad debts reserve at 5% on debtors. Reserve for bad Debts Establishment charges Interest (Credit) Bad Debts Audit Fees General Charges Trade Expenses Discount (Dr.) d) Unexpired insurance 150. e) Interest accrued on investments 120. 1,291 1,320 2,135 800 783 340 613 400 3,950 325 620 8,922 285 (Ans. Gross Profit 34,887; Net Profit 24,077; Balance Sheet Total 1,41,859) following Trial balance of Sri Subhash prepare Trading and

7) The following balances appeared in the books of a merchant on 31st December, 2013. the following matters. a) Stock on 31st December 2013 amounted to 15,500 . b) Depreciation on Motor Trucks 20\% and Furniture 10\%. c) Write off further amount of 100 as bad debts and maintain the bad debts reserve at 5% on debtors. d) Unexpired insurance 150 . e) Interest accrued on investments 120 . (Ans. Gross Profit 34,887 ; Net Profit 24,077; Balance Sheet Total 1,41,859 )