Accounting and Financial - Management Assignment Help

Assignment Task

Additional Information

(i) Stock on 31st March. 2016 was t 360000

(ii) Purchases from 01.04.2015 to 30.09.2015 was Z 800000

(iii) Sales from 01.04.2015 to 30.09.2015 was 2 1200000

(iv) Wages from 01.04.2015 to 30.09.2015 was 2 120090

(v) Stock on 30.09.2015 was T 120000

(vi) Furniture worth T1,00,000 was purchased on 01.01.2015. Write off depreciation at 20% p.a.

(vii) Interest on partner's capital was to be provided at 12% p.a. and no interest nn drawings was provided.

You are required to prepare :--

(a) Trading A/c, Profit & Loss A/c and Profit & Loss Appropriation A/c for the period from 01.04.2015 to 30.09.2015 and from 01.10.2015 to 31.03.2016.

(b) Balance Sheet as on 31st March, 2016. 

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