TRADE AND PROFIT AND LOSS ACCOUNT, Financial Accounting

The following figures are taking from the book of Sheen Compnay limited as on december 31,2009
DEBIT SIDE :
opening stock Rs 75000
purchases 245000
wages 30000
carriage 950
furniture 17000
salaries 7500
rent 4000
trade expenses 7050
dividend paid 9000
debtors 27500
plant & machinery 29000
cash at bank 46200
patents 4800
bill receivables 5000
total 508000
CREDIT SIDE :
purchase return 10000
sales 340000
discount 3000
profit & loss 15000
share capital 100000
creditors 17500
general reserve 15500
bill payables 7000
total 508000
Posted Date: 12/7/2012 3:33:51 PM | Location : Pakistan







Related Discussions:- TRADE AND PROFIT AND LOSS ACCOUNT, Assignment Help, Ask Question on TRADE AND PROFIT AND LOSS ACCOUNT, Get Answer, Expert's Help, TRADE AND PROFIT AND LOSS ACCOUNT Discussions

Write discussion on TRADE AND PROFIT AND LOSS ACCOUNT
Your posts are moderated
Related Questions
Consider a multinational listed company that has recently carried out an acquisition. You may also select a company that carried out an acquisition long ago as long as there is inf

Equitable apportionments There are five leading cases where the courts have laid down rules to meet specific situations in which there is a conflict of interest between life tena

A small airline company called Mancunian Airways (MA) is considering purchasing a new jet, which will be used solely on the new route: Manchester, Paris, Madrid and back to Manch

La Favorite Pastry Shop has been in business since 1985 and started with a large commercial oven that was built in 1955. Max, the owner is debating whether or not to purchase a new

Jim owns and manages a small business, which provides an office design service, as well as buying and selling office furniture. Jim is a sole trader who manages all aspects of the

The excessive frequency of compounding is generally continuous compounding where the interest is compounded immediately. The data for continuous compounding for one year is e APR

50. In preparing a company's statement of cash flows for the most recent year on the indirect method, the following information is available: 52,000-Net income for the year 18,00

Let us assume that you deposit Rs.1000 in a bank that pays 10 percent interest compounded yearly for a period of 3 years. The deposit will grow as given details: Fir

Indicate by check mark ("9") or "X" which accounts are found on the income statement and which accounts are found on the balance sheet.   Account Name In

Mauve Corporation began operations as a farm supplies business and used a fiscal year ending September 30. The company gradually went out of the farm supplies business and into the