Final account

In the books of [Businessman/Company ka Naam]

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Trading  account 

the year ended 31st March, 20...

(Format with all Direct Items)

Ismein factory aur maal utpadan (production) se jude kharche aate hain.

Dr.                                                                                                                                                      Cr

Particular	Amount	Particular	Amount
To Opening Stock	XXX	By Sales	XXX
To Purchases	XXX	Less: Sales Return (Return Inward)	(XX)
Less: Purchase Return (Return Outward)	(XX)	By Closing Stock	XXX
To Wages	XXX	By Scrap Sales	XX
To Wages & Salaries (Direct)	XXX	By Gross Loss c/d (Balancing Fig)	XX
To Carriage Inward / Freight / Cartage	XXX
To Manufacturing / Productive Wages	XXX
To Gas, Fuel, Water & Power	XXX
To Import Duty / Custom Duty	XXX
To Royalty on Production	XXX
To Dock Charges / Clearing Charges	XXX
To Gross Profit c/d (Balancing Fig)	XXX
TOTAL	XXXX	TOTAL	XXXX

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 Profit & Loss Account 

the year ended 31st March, 20...

(Format with all Indirect Items)

Ismein office, showroom aur sales se jude kharche aate hain.

Dr                                                                                                                                                         Cr

Particular	Amount	Particular	Amount
To Gross Loss b/d	XXX	By Gross Profit b/d	XXX
To Salaries	XXX	By Discount Received	XXX
To Rent, Rates and Taxes	XXX	By Commission Received	XXX
To Printing & Stationery	XXX	By Interest on Investments	XXX
To Postages & Telegram	XXX	By Dividend Received	XXX
To Insurance Premium	XXX	By Bad Debts Recovered	XXX
To Audit Fees	XXX	By Rent from Sub-letting	XXX
To Legal Charges	XXX	By Apprentice Premium	XXX
To Advertisement	XXX	By Profit on Sale of Assets	XXX
To Bad Debts (New + Old)	XXX	By Interest on Drawings	XXX
To Provision for Doubtful Debts (New)	XXX
To Discount Allowed	XXX
To Depreciation (on all assets)	XXX
To Loss by Fire/Theft (Net)	XXX
To Carriage Outward	XXX
To Net Profit (Transfer to Capital)	XXX	By Net Loss (Transfer to Capital)	XXX

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3. Balance Sheet 

In the books of [Businessman/Company ka Naam] 
Balance Sheet as at 31st March, 20...

(All Assets & Liabilities)

Dhyan rahe, Balance Sheet mein 'To' ya 'By' nahi likhte.

Liabilities	Amount	Assets	Amount
Capital Account:		Fixed Assets:
Opening Balance	XXX	Goodwill	XXX
Add: Net Profit (or Less: Net Loss)	XX	Land & Buildings	XXX
Add: Interest on Capital	XX	Plant & Machinery	XXX
Less: Drawings	(XX)	Furniture & Fixtures	XXX
Less: Income Tax / LIC Premium	(XX)	Motor Vehicles / Delivery Van	XXX
Long-term Loans:		Patents / Trademarks	XXX
Bank Loan / Mortgage	XXX	Investments	XXX
Debentures	XXX	Current Assets:
Current Liabilities:		Closing Stock	XXX
Sundry Creditors	XXX	Sundry Debtors	XXX
Bills Payable	XXX	Less: New Provision / Bad Debts	(XX)
Bank Overdraft	XXX	Bills Receivable	XXX
Outstanding Expenses (Salary/Rent)	XXX	Prepaid Expenses	XXX
Unearned Income (Advance Income)	XXX	Accrued Income	XXX
		Cash at Bank	XXX
		Cash in Hand	XXX
TOTAL	XXXX	TOTAL	XXXX

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Kuch Special Points jo Exams mein aate hain:

1. Wages & Salaries: Agar pehle 'Wages' likha hai, toh Trading mein jayega. Agar 'Salaries & Wages' likha hai, toh P&L mein jayega.

2. Adjustments: Har adjustment (jo Trial Balance ke niche hoti hai) ka effect do jagah padta hai (e.g., Closing stock Trading Cr. mein aur Balance Sheet Assets mein).

3. Drawings: Agar Trial Balance mein Income Tax ya Life Insurance Premium diya hai, toh use Drawings maante hain aur Capital se minus karte hain.

I understand. You want the exact text from the image transcribed and organized precisely as it appears, including the Trial Balance, the Adjustments, and the specific Instructions at the bottom, without any alterations.

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Illustration 13

The authorised capital of X Limited is Rs. 5,00,000 consisting of 2,000 6% preference shares of Rs. 100 each and 30,000 equity shares of Rs. 10 each.

The following was the Trial Balance of X Limited as on 31-3-2006:

Particulars	Dr. (Rs.)	Cr. (Rs.)
Investment in shares at cost	50,000	–
Purchases	4,90,500	–
Selling expenses	79,100	–
Stock on 1-4-2005	1,45,200	–
Salaries and Wages	52,000	–
Cash on hand	12,000	–
Interim preference dividend for the half year to 30-9-2005	6,000	–
Discount on issue of Debentures	2,000	–
Preliminary expenses	1,000	–
Bills Receivable	41,500	–
Interest on Bank overdraft	7,800	–
Interest on Debentures up to 30-9-2005	3,750	–
Sundry Debtors and Creditors	50,100	87,850
Freehold Property at cost	3,50,000	–
Furniture at cost less Depreciation of Rs. 15,000	35,000	–
6% Preference Share Capital	–	2,00,000
Equity share capital fully paid up	–	2,00,000
5% Mortgage Debentures secured on Freehold Properties	–	1,50,000
Income tax paid in advance for 2005-2006	10,000	–
Dividends	–	4,250
Profit and Loss A/c (1-4-2005)	–	28,500
Sales (Net)	–	6,70,350
Bank Overdraft secured by hypothecation of Stocks and Receivables	–	1,50,000
Technical know-how fees at cost paid during the year	1,50,000	–
Audit fees	5,000	–
Total	14,90,950	14,90,950

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Adjustments

You are required to prepare the Profit and Loss Account for the year ended 31-3-2006 and the Balance Sheet as on that date after taking into account the following:

(a) Closing stock was valued at Rs. 1,42,500.

(b) Purchases include Rs. 5,000 worth of goods and articles distributed among valued customers.

(c) Salaries and Wages include Rs. 2,000 wages incurred for installation of electrical fittings which were recovered under 'Furniture'.

(d) Bills Receivable include Rs. 1,500 being dishonoured bills, 50% of which had been considered irrecoverable.

(e) Bills Receivable of Rs. 2,000 maturing after 31-3-2006 were discounted.

(f) Depreciation on furniture to be charged at 10% on written down value.

(g) Rs. 1,000 discount on issue of debentures to be written off.

(h) Interest on Debentures for the half year ending on 31-3-2006 was due on that date.

(i) Provide for Taxation Rs. 4,000.

(j) Technical know-how fees is to be written off over a period of 10 years. Rs. 500 of preliminary expenses to be written off.

(k) Salaries and Wages include Rs. 10,000 being the Directors' remuneration.

(l) Sundry Debtors include Rs. 6,000 Debts due for more than six months.

Keepi