1. Compute the amount of total purchases and total sales of Mr.

Amit from the following information for the

year ending on March 31, 2022.
₹
Total debtors as on April 01, 2021 40,000
Total creditors as on April 01, 2021 50,000
Bills receivable as on April 01, 2021 30,000
Bills payable as on April 01, 2021 45,000
Discount received 5,000
Bad debts 2,000
Return inwards 4,000
Discount allowed 3,000
Cash sales 10,000
Cash purchases 8,000
Total debtors as on March 31, 2022 80,000
Cash received from debtors 1,00,000
Cash paid to creditors 80,000
Cash received against bills receivable 25,000
Payment made against bills receivable 40,000
Total creditors as on March 31, 2022 40,000
Bills payable as on March 31, 2022 50,000
Bills receivable as on March 31, 2022 35,000

2. From the following information supplied by Ms. Sudha, calculate the amount of ‘Net Sales’
₹
Debtors on April 01, 2021 65,000
Debtors on March 31, 2022 50,000
Opening balance of bills receivable as on April 01, 2021 23,000
Closing balance of bills receivable as on March 31, 2022 29,000
Cash received from debtors 3,02,000
Discount allowed 8,000
Cash received against bills receivable 21,000
Bad debts 14,000
Bill receivables (dishonoured) 20,000
Cash sales 2,25,000
Sales return 17,000

3. Mrs. Surabhi started business on April 01, 2016 with cash of ₹ 50,000, furniture of ₹ 10,000, goods of 2,000
and machinery worth 20,000. During the year she further introduced ₹ 20,000 in her business by opening a
bank account. From the following information extracted from her books, you are required to prepare final
accounts for the ended March 31, 2017.
₹
Receipt from debtors 57,500
Cash sales 45,000
Cash purchases 25,000
Wages paid 5,000
Salaries to staff 17,500
Trade expanses 6,500
Electricity bill of factory 7,500
Drawings of Surabhi 3,000
Cash paid to creditors 42,000
Discount allowed 1,200
Discount received 3,000
Bad debts written-off 1,300
Cash balance at end of year 20,000
Mrs. Surabhi used goods worth 2,500 for private purposes, which is not recorded in the books. Charge
depreciation on furniture 10% and machinery 20% p.a. on March 31, 2017 her debtors were worth 70,000
and creditors ₹ 35,000, stock in trade was valued on that date at ₹ 25,000.

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4 . Mr. Om Prakash did not keep his books of accounts under double entry system. From the following
information available from his records, prepare profit and loss account for the year ending on March 31, 2022
and a balance sheet as at that date, depreciating the washing equipment @ 10%.

Summary of Cash Book

Receipts ₹ Payments ₹
Balance b/d 8,000 Cash purchases 14,000
Cash sales 40,000 Paid to creditors 20,000
Received from debtors 30,000 Sundry expenses 6,000
Cartage 2,000
Drawings 8,000
Balance c/d 28,000
78,000 78,000
Other information :
March 31, 2017
March 31, 2020 March 31, 2021
₹ ₹
Debtors 9,000 12,000
Creditors 14,400 6,800
Stock of materials 10,000 16,000
Washing equipment 40,000 40,000
Furniture 3,000 3,000
Discount allowed during the year 1,400
Discount received during the year 1,700

5. Mr. Bahadur does not know how to keep books of account. From his various records, the following
particulars have been made available prepare the final Accounts, after providing for doubtful debts 5 per
cent of debtors outstanding and depreciating the motor car @ 20 per cent.
(i) Balance Sheet as on April 1, 2016
Liabilities ₹ Assets ₹
Capital 92,500 Motor Car 71,700
Bills payable 32,800 Stock 51,500
Creditors 84,200 Debtors 49,500
Bills receivable 24,400
Cash in hand 12,400
2,09,500 2,09,500
(ii) Cash Transactions during the year
Receipts ₹ Payments ₹
Balance b/d 12,400 Furniture 30,000
Receipt from debtors 1,15,000 Wages 9,400
Bills receivable 14,200 Purchases 40,500
Sales 1,03,000 Drawings 24,000
Bills payable 30,700
General expenses 20,700
Payment to creditors 80,800
Balance c/d 8,500
2,44,600 2,44,600
(iii) Other Information
Particulars ₹
Bills receivable drawn (received) 6,300
Discount to customers 2,300
Discount from suppliers 700
Credit purchases 29,600
Closing stock 41,700
Closing balance of debtor 55,000
Closing balance of bills payable 10,200

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6. The following balances arc available from the books of Samiresh, a small trader, as on 31st December, 2021
and 2022 :
31.12.21 31.12.22
₹ ₹
Building 60,000 60,000
Equipments 1,20,000 1,34,000
Furniture 10,000 10,000
Debtors 54,000 48,000
Creditors 32,000 36,000
Stock ? 34,000
5% bank loan 20,000 16,000
Cash 32,000 22,000
The transactions of Samiresh during the year ended 31st December, 2022 were the following :
₹
Interest on bank loan paid 500
Collection for debtors 1,86,000
Payment to creditors 1,22,000
Cash purchases 32,000
Expenses 20,000
Sale of one equipment (book value ₹ 10,000) 6,000
Drawings 20,000
Cash sales amounted to 10% of total sales. Equipments and furniture are to be depreciated by 10% p.a. and
building by 2%. Part of loan was repaid on 1.10.2022. Samiresh sells goods at cost plus 331⁄3%. His suppliers
allowed him discount ₹ 2,000.
You are required to prepare the trading and profit and loss account of Samiresh for the year ended 31st
December, 2022.

7. Mr. Sen did not keep the books of accounts of his business in double entry system. But he maintained the
following records of cash transactions :
Receipts ₹ Payments ₹
Opening (1.1.22): Purchase 30,000
Cash in hand 30,000 Payment to creditors 45,000
Cash at bank 40,000 Wages 20,000
Sales 80,000 Salary 22,000
Collection from debtors 75,000 Rent 6,000
Sale of furniture 5,000 Outstanding rent of last year 2,000
Selling expenses 3,000
Closing (3 1.12.22):
Cash in hand 12,000
Cash at bank 90,000
2,30,000 2,30,000
The following information is also received :
31.12.21 31.12.22
₹ ₹
Debtors 60,000 75,000
Creditors 20,000 15,000
Stock-in-trade 13,000 18,000
Machinery 80,000 80,000
Furniture 30,000 17,000
Furniture was sold on 1st January, 2022 and on the same date Mr. Sen took furniture worth ₹ 5,000 for his
personal use. Depreciation on machinery and furniture was charged @ 10% per annum. Debt of ₹ 1,000
became bad.
Prepare trading and profit and loss account for the year ended 31 st December, 2022 and balance sheet as
on that date.