VL

The following adjustments are required;

൫ Stockon 311 December 2015 amounted to Rs. 27,000.

ഇ ട്ര ಗೂ. 500 as bad debts and maintain the provision for Doubtful Debts at
5% on sundry debtors.

ങ്ക Unexpired insurance Rs. 300.

(iv) Depreciate Machinery by 5% and furniture by 10%.

(v) 0௩24௯ December 2015, a fire broke out and destroyed stock of the value of
Rs. 10;000. The insurance sompany admitted the claim for loss of stock of the
value of Rs. 6,000 only and paid the amount on 15% January 2016. (20)

Mr. A does not maintain complete double entry books of accounts. From the following details
determine the profit for the year and statement of affairs at the end of the year. Re. 1,000
(cost) furniture was sold for Rs. 5,000 on 1.1.2015; 10% d_eyzema’h.u'n is to be charged on

furniture.
Mr. A has drawn Rs. 1,000 per month. Rs. 2,000 was invested by Mr. A in 2015.
01.01.2015 31.12.2015
60,000

Stock 40,000 1

Debtors 30,000 40,000

Cash 2,000 1,000

Bank 10,000 5,000. (0.0)
Creditors 15,000 25,000
Outstanding expense 5,000 8,000
Furniture (cost) 3,000 2,000

Bank balance on 1.1.2015 is as per cash 0०५. bus the bank overdraft on 31.12.2015 is as per
bank statement. Es. 2,000 cheques drawn in December 2015 have not been encashed within

the year. (15)

1111. (೫) Ahead office at Mumbai has & branch at സ്‌. Goods are sent by the Head Office ‏ضلا ما‎

branch at cost which the branch & both for cash and on credit, The following relate to

the branch for the year 2018.

Stock at branch on 1.1.2015 24,000

Branch debtors on 1.1.2015 7,000
Furniture at branch on 1.1.2015 8,000
Goods sent to branch during the year 1,40,000
Cash sales during the year 82,000
Credit sales during the year 90,000
Cash received from debtors 83,000
Returns by debtors to branch 2,000

4 ∎ 107/2016