Furniture 640 - Building 7500 - Machinery 6250 - Capital - 12500 Bad debts 125 - Bad debts reserve - 200 Debtors and Creditors 3800 2500 Stock (1.1.2001) 3460 - Purchases and Sales 5475 15450 Bank overdraft - 2850 Returns 200 125 Advertisement 450 - Interest 118 - Cash 650 - Commission - 375 Tax and Insurance 1250 - General expenses 782 - Salary 3300 - 34000 34000 Stock on 31st December , 2001 was valued at Rs. 3250. Depreciate building at 5%, furniture at 10% and machinery at 20%. Interest Rs. 85 is payable on bank overdraft. Salary Rs. 300 and tax Rs. 120 are outstanding. Insurance prepaid is Rs. 100 and one third of the commission is received in advance. Furniture purchased in January 2001 worth Rs. 100 is included in purchases. Write off Rs. 100 as further bad debts and reserve for doubtful debts is to be made equal to 5% on debtors. 19.
Furniture Building Machinery Capital Bad debts Bad debts reserve Debtors and Creditors Stock (1.1.2001) Purchases and Sales Bank overdraft Returns Advertisement Interest Cash Commission Tax and Insurance General expenses Salary 640 7500 6250 - 125 - 3800 3460 5475 - 200 450 118 650 - 1250 782 3300 34000 - - - 12500 - 200 2500 - 15450 2850 125 - - - 375 - - - 34000 Stock on 31st December , 2001 was valued at Rs. 3250. Depreciate building at 5%, furniture at 10% and machinery at 20%. Interest Rs. 85 is payable on bank overdraft. Salary Rs. 300 and tax Rs. 120 are outstanding. Insurance prepaid is Rs. 100 and one third of the commission is received in advance. Furniture purchased in January 2001 worth Rs. 100 is included in purchases. Write off Rs. 100 as further bad debts and reserve for doubtful debts is to be made equal to 5% on debtors. 19.
bcom_notes.docx