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*"y on the, right, sequence., 10. ILLUSTRATIONS : FINAL ACCOUNTS OF MANUFACTURER, the vo ollowing particulars presented by Mazumdar Bros. prepare a Manufacturing Account for, year ended 31-3-2014., Illustration 16: (Only Manufacturing A/c), Particulars, Particulars, Carriage Inward, 3,000 Hire of Special Plant, 4,000 Factory Rent, 8,000 Repairs to Plant, Repairs to Factory, 1,000 Supervisor's Salary, 5,000 Wages of durwan at factory, 4,000 Royalties on production, 40,000 Works Manager's Salary, 20,000 Salary of works staff, 1,000, 2,000, 4,000, 2,000, 1,000, 8,000, 1,000, 2,000, 6,000, 3,000, Opening Stock :, Raw Materials, Work-in-Progress, Finished goods, Closing Stock:, Raw Materials, Work-in-Progress, - Finished goods, Purchase of Raw Materials, Wages of workers, Light, Gas etc. (factory), 2,000, Scanned By Scanner Go

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To Net profit tfd. to capital, 1,05,000, Less : Sales returns, By Closing Stock (FG), 6,25,000, 4,000, To Gross profit c/d, 6,21,000, 55,000, 1,16,000, 6,76,000, To Carriage Outwards, To Office Rent, To Office Salaries, To Advertisement, To Depreciation on Furniture, 6,76,000, 1,000 By Gross Profit b/d, 2,000, 1,16,000, 5,000, 2,000, 600, 1,05,400, 1,16,000, 10.2 FINAL ACCOUNTS, 1,16,000, llustration 9:, Amar Chemicals has the following Ledger Balances as on 31st March 2014., Particulars, Dr. ?, Cr., Particulars, Goodwill, Dr., Cr. ?, Factory Shed, Machinery, Furniture, 50,000, 20,000, 1,30,000, 8,000, 10,000, Net Sales, Miscellaneous Income, Bad Debts Reserve, Purchase of Materials, Freight on Materials, 11,00,000, 4,000, 5,000, 8,60,000, 50,000, 15,000, Investments, Capital, Bank Loan, Creditors, 1,95,000 Factory Power, 3,00,000 Salaries and Wages, 1,50,000, Debtors, Stock on 1-4-2013, · Materials, - Work-in-Progress, - Finished Goods, -Factory, - Office, Repairs and Renewals, Rent and Taxes, Insurance, 1,50,000, 65,000, 2,500, 16,500, 3,900, 18,100, 1,35,000, 1,30,000, 7,500, 82,500, General Expenses, 17,54,000 17,54,000, The following additional information is available :, (1) Člosing Stock : Materials 2,10,000; Work-in-Progress 12,500 and Finished Goods 2,07,500., (2) Depreciation to be provided at 22 % on Factory Shed, 10% on Machinery and 15% on Furniture., (3) Repairs and rent and taxes are to be apportioned between Factory and Office in the ratio of 3:2., (4) Reserve for bad and doubtful debts to be provided at 4% on debtors., (5) Insurance Premium covers a period of one month in advance., You are required to prepare Manufacturing, Trading, and Profit and Loss Account for the year ended, 31st March 2014 and Balance Sheet as on that date., (FYBAF, Nov. 17, Oct. 14, 08, adapted), 1SHOLO, Scanned By Scanner Go

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the year ended 31-12-2013 an, The Trial balance of Mrs. Deepali as on 31st December, 2013 was as follows :, Prepaid insurance, IIUV. TOr bad debts, 5,400 | 1,29,600, 7,63,225, 325, 7,63,225, ustration (20, pebit Balance, Credit Balance, Material, Raw, Work in Progress, Finished Goods, Sundry Debtors, Carmage Inward, Camage Outward, Sills Receivable, 23,000 Sundry Creditors, 10,000 Bills Payable, 15,500 Sales of Scrap, 27,000 Commission, 1,000 | Provision for Doubtful Debts, 1,000 Deepali's Capital A/c, 16,000 Sales, 12,000, 10,000, 17,000, 8,500, 1,500, 400, 1.600, 1,00,000, 2,00,000, Wages, Salaries, Repairs of Plant, Repairs of Office Furniture, 1,200, 600, Purchase, Cash at Bank, Plant and Machinery, Office Furniture, 1,00,000, 2,300, 90,000, 9,000, 5,000, 1,800, 2,000, 1,600, Rent, Lighting Expenses, Factory Insurance, General Expenses, 3,29,000, 3,29,000, Following additional information is provided to you :, (1) Closing Stock as on 31st December, 2013 was : Raw Materials 15,800, Finished Goods 18,200., Semi Finished Goods 7,000., (2) Salaries 2,000 and Wages for December, 2013 2,000 was paid in January 2014., (3) Lighting expenses were outstanding 600 whereas insurance was prepaid ? 500., (4) 25% of the lighting expenses and rent is to be charged to office premises and the remaining, amount is to be charged to factory., (5) Depreciation is to be written off on Machinery at, (6) Provision for doubtful debts is to be maintained at 10%., Tou are required to prepare manufacturing account, trading account and profit and loss account for, and on Furniture at 5% p.a., (FYBAF, Oct., 15, adapted), notibeno yibnue, Balance Sheet as on that date., Solution :, Ora O noitsben MRS. DEEPALI, eseireqx3 pnibnstaluO, e9ga Cr., er end, 000Tsufacturiog & arode@ viD, 00TS Manufacturing Account for the year ended 31-12-2013, Dr., Scanned By Scanner Go

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4. Provide depreciation at 10% p.a. on Plant & Machinery and 5% p.a. o, and Balance Sheet as at that date of Shri S. Singh, manufacturer, from the following Trial Balance, Piepare Manutacturing, Trading and Profit and Loss Account for the year ended 31st March 2014, New RDD will be (6.000 + 3,000) = 3 9,000, %3D, llustration 22, and information., Trial Balance as at 31st March 2014, Particulars, Dr., Cr. ?, Particulars, Dr. ?, Cr. ?, Advertising, Bad debts, Bad debts Provision, Bank Charges, Capital Account of, Shri S. Singh, Current Account of, Shri S. Singh, Drawing Account of, Shri S. Singh, 1,660, 1,210, Purchases, 67,336, 2,170, 2,972, 1,570, 7,380, Packing and Transport, 2,000 Rent and Rates, 240, Repairs to Plant., Salaries - Office, 70,000 Sales, 1,58,348, Stock 1st April 2013, - Raw Materials, - Finished Goods, Work-in-Progress, 824 Wages Factory, 3,246, 10,460, 14,760, 3,340, 41,400, 21,120, 16,000, Discount, Factory Power, Furniture, General expenses/Factory, General expenses-Office, 7,228, 1,800, Debtors, Creditors, 12,300, 410, Cash at Bank, 7,852, 692, Cash in hand., 350, Insurance, 1,804, 964, Light & Heat, Plant & Machinery, 1st April 2013, Plant & Machinery, 30,000, bought 30-9-13, 4,000, 2,46,718 2,46,718, 1. Stock at 31st March 2014, 7,120, (a) Raw-Materials, (b) Work-in-Progress, (c) Finished goods, 3,480, 19,300, TE hopre eey edt ol touooA se0 bas ilto19, (d) Packing Materials, 2. The following liabilities are to be provided for :, (a) Factory Power, (b) Rent & Rates, (c) Light & Heat, (d) General expenses - Factory, (e) General expenses - Office, 3. Insurance Prepaid, 250, bovisoeH inudaad ya ors.r ofgoods, Bharat is ént, gniathe 1,124, 2ideb be 772, Twen) noieivoio aldeo bs 320, eegrerlo ns 50, 000for sal, hachirr-, (08 Se8) eoilIO, 340, on Furniture,, hoganeyT bns poblos9 OT, 6 increase the Bad debts provision by 1,000., [a) (AATE x ar) astsA bos IneA of, eoito 2ohsts2 oT, BYutimuR no noitsioenq oT, One sixth to the office., ASO, 09, OCA, TI, Scanned By Scanner Go, IstiqsO ot bl Rtonq telt oT

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VILUU, Less : Expenses of, consignor Y included, Debtors, 1,35,000, Consignment A/c Mr. X, Add : Sales of X, 33,000, 2,000, 35,000, 2,000, in trade expenses, 1,000, 27,800, Less : Expenses, Less : Commission, (5% x 35,000), 31,250, 5,000, 1,750, Cash in Hand, 2,52,750, 2,52,750, Illustration 24 ;, From the following Trial Balance of Shri Karodimal, prepare manufacturing account, trading and, orofit and loss account for the year ended 31st December, 2013 and the Balance Sheet as on that, date :, Particulars, Dr. ?, Particulars, Cr., Drawings, Goodwill, Plant & Machinery, Land & Building, Cash and Bank Balances, Sundry Debtors, Trade-marks, Salary to Manager, Purchases of Raw Materials, Opening Stock, Raw Materials, Work-in Progress, 36,000 Capital, 40,000| Sundry Creditors, 2,00,000 Bank Loan, 1,20,000 Reserve for bad debts, 37,000 Sales, 59,000 Discount, 9,000 Returns Outward, 16,000, 1,50,000, 4,50,000, 1,25,000, 75,000, 5,500, 3,24,000, 3,500, 6,500, 35,000, 60,000, 90,000, 10,000, 75,000, 12,000, 15,000, 8,000, 7,500, 5,500, 4,500, Finished Goods, Carriage Inward, Wages and Salaries, Factory Expenses, Factory Rent & Rates, Office Expenses, Printing & Stationery, Discount, Bad Debts, 9,89,500, 9,89,500, ele, Adjustments :, 000,02 A, Istiqn, 1) On 31st December 2013, Stocks were valued as :, Raw Material, Work in Progress, Finished Goods, 7 55,000, 3 75,000a, 7 95,000m-9bsr 1000., epniwena ea0, bns 000,as,r ck ot, togres, Outstanding expenses : Printing and Stationery 1,500., 1o) Prepaid expenses : Factory Rent and Rates 2,000., no pnibnstaluo teptetnl, Scanned By Scanner Go