(c) Outstanding Rent Rs. , . (d) Fresh Capital introduced during the year Rs. , .
[ Ans : Profit : Rs. , , ; Statement of affairs with adjusted : Rs. , , ]. .
M/s Saniya Sports Equipment does not keep proper records. From the following information find out profit or loss and also prepare balance sheet for the year ended December , Dec. , Dec. , Cash in hand , , Bank overdraft — Sundry creditors , Sundry debtors , , , Bills payable , , , , Machinery , , Investment Drawing Rs.
, p.m. for personal use, fresh capital introduce during the year Rs. , , . A bad debts of Rs.
, and a provision of % is to be made on debtors. outstanding salary Rs. , , prepaid insurance Rs. , depreciation charged on furniture and machine @ % p.a.
[ Ans : Profit : Rs. , , ; Statement of affairs with adjustment : Rs. , , ]. Ascertainment of Missing Figures .
From the following information calculate the amount to be paid to creditors: Sundry creditors as on March , , , , , Return outwards , Return inward , Bills accepted , , Bills endorsed to creditors , Creditors as on April , , , Total purchases , , Cash purchases , , [ Ans : Cash paid to creditors : Rs. , , ]. . Find out the credit purchases from the following: Balance of creditors April , , Balance of creditors March , , Cash paid to creditors , , Cheque issued to creditors , Cash purchases , Discount received from creditors , Bills payable given to creditors , Return outwards , Bills payable dishonoured Bills receivable endorsed to creditors , Bills receivable endorsed to creditors dishonoured , Return inwards , [ Ans : Credit purchases : Rs.
, , ]. . From the following information calculate total purchases. Creditors Jan.
, Creditors Dec. , Opening balance of Bills payable Closing balance of Bills payable , Cash paid to creditors , , Bills discharged , Cash purchases , , Return outwards , [ Ans : Total purchases : Rs. , , ]. .
The following information is given Opening