Financial Statements - II

a Trading and Profit and Loss Account and a Balance Sheet: Particulars Dr. (Rs.) Cr. (Rs.) Creditors/Debtors , , , Bills Payable/Bills Receivables , , % Loan , Sales/Purchases , , , , Discount Bad Debt Recovered/Bad Debt , Interest on Investments Interest on Loan , Vehicles , , Stock , , % Investments (Purchased on th September, ) , , Cash in hand Cash at bank , Capital /Drawings , , , Carriage on Purchases , Carriage on sales , Primary Packing Expenses Rent , Insurance , Office & Administrative Expenses Discount % Loan , Delivery Expenses Selling and Distribution Expenses , Income Tax Outstanding Salary Sales Tax Collected Apprenticeship Premium Returns Live Stock , Commission , , , , , Additional Information (a) The cost of Closing stock was Rs. , but the market value was Rs.

, . (b) Rent is due but not yet paid for March Rs. . (c) Insurance carried forward Rs.

. (d) / of the commission received is in respect of work to be done in next year and commission paid represents only / of the actual commission to be paid during the year. (e) Vehicles were valued at % of the book value.