Final Account (Principle of Accounting XI) 2078/2021

 Final Account 

  Balance Sheet

                            As on 31^st Dec.20XX

Liabilites and capital	Amount	Assets	Amount
Share capital    पूँजी                             ××× Add: Net profit    खुद नाफा                 ××× Less: Drawing      निकासी                   ××× Less: Net Loss       खुद नोक्सान             ××× General reserve सामान्य जगेडा Loan  ऋण Debenture  ऋणपत्र Bank overdraft बैंक अधिविकर्ष    Bills payable तिर्नुपर्ने बिलहरु Notes payable  तिर्नुपर्ने हिसाबहरु  Outstanding expenses बाँकी तिर्नुपर्ने खर्चहरु Advance income अग्रिम आम्दानी   Accrued expenses  नतिरिएका खर्चहरु Creditors साहु / महाजन  Bank loan  बैंक ऋण		Land and Building जग्गा तथा भवन                ××× Add: Appreciation  ज.र भ.मा वृद्धि                ××× Less: Depreciation  ¥हास                        ××× Plant and machinery  यन्त्र तथा मेशिन            ××× Less: Depreciation   ¥हास                        ××× Furniture    फर्निचर                                       ××× Less: Depreciation ¥हास                               ××× Loose tools ज्यावल Delivery van   डेलिभरी भ्यान Goodwill  ख्याति Copyright कपिराइट Patent  प्याटेन्ट Trademark  ट्रेडमार्क Cash at bank   बैंक मौज्दात Cash in hand   नगद मौज्दात Debtors      आसामी                                          ××× Less: Provision for bad debts                      ××× नउठ्ने ऋणको व्यवस्था Closing stock  अन्तिम मौज्दात Bills receivable   प्राप्त गर्नुपर्ने बिलहरु Accounts receivable  प्राप्त गर्नुपर्ने हिसाबहरु Accrued income प्राप्त नभएको आर्जित आम्दानी  Marketable securities बिक्रीयोग्य धितोहरु Prepaid expenses अग्रिम भुक्तानी खर्चहरु

 

SQ 3: Trial Balance of a business for the year ended 31^st December 2012 is given below:

Debit Balance	Amount	Credit Balance	Amount
Land and building Investment Cash in hand Debtors Prepaid expenses Plant and machinery Drawings Bills receivable Inventory Cash at bank Preliminary expenses	80,000 65,000 12,000 50,000 5,000 60,000 20,000 8,000 12,000 6,000 30,000	Capital Bills payable Sundry creditors Outstanding expenses Pension fund General reserve Sinking fund Net profit Mortgaged loan Bank overdraft Loan from subsidiaries	1,20,000 40,000 50,000 6,000 20,000 12,000 13,000 14,000 35,000 17,000 21,000
	3,48,000		3,48,000

Solution

Balance Sheet

As on 31^st Dec.2012

Liabilites and capital	Amount	Assets	Amount
Share capital    पूँजी                                     120000 Add: Net profit    खुद नाफा                             14000                                                       134000 Less: Drawing       निकासी                                20000 Bills payable तिर्नुपर्ने बिलहरु             Sundry Creditors  विविध साहुहरु Outstanding expenses  बाँकी तिर्नुपर्ने खर्चहरु Pension fund निवृत्तिभरण कोष General reserve सामान्य जगेडा Sinking fund  डुबन्ते कोष Mortgaged loan बन्धकी ऋण Bank overdraft बैंक अधिविकर्ष    Loan from subdiaries  अन्यबाट ऋण लिएको	114000 40000 50000 6000 20000 12000 13000 35000 17000 21000	Land and Building जग्गा तथा भवन Plant and machinery  यन्त्र तथा मेशिन    Investment   लगानी Cash in hand    नगद मौज्दात                                        Debtors    आसामी Prepaid expenses   अग्रिम भुक्तानी खर्चहरु Bills receivable   प्राप्त गर्नुपर्ने बिलहरु Inventory  सामानहरु Cash at bank  बैंकमा भएको पैसा/बैंक मौज्दात Preliminary expenses  प्रारम्भिक खर्चहरु	80000 60000 65000 12000 50000 5000 8000 12000 6000 30000
	328000		328000

SQ 4 Trial Balance as on 31^st March 2019 of ABC Co. is given below:

Debit Balance	Amount	Credit Balance	Amount
Opening stock Vehicles purchases Administrative expenses Sales return Interest on mortgage loan Drawings Wages Salaries Land and building Furniture and fixture Distribution expenses Accounts receivable Book debts Plant and property Long term investment Cash at bank Cash in hand Closing stock	80,000 65,000 12,000 50,000 5,000 60,000 20,000 8,000 12,000 1,68,000 34,000 12,000 11,000 23,000 80,000 32,000 4,500 1,500 22,000	Equity share capital Reserve fund Sales revenue Purchase return Apprentice premium Account payable Sundry creditors 10% mortgage loan	2,07,900 100,000 3,23,000 2,100 3,200 5,500 12,000 80,000
	7,34,000		7,34,000

प्रशासन खर्चहरु ऋणको व्याज  वितरण खर्चहरु  तलबहरु खुद नाफा  वृद्धि प्रव्याज

Solution

                                         Trading and Profit & Loss Account

                                               As on 31^st March 2019

Particulars	Amount	Particulars	Amount
To Opening stock    शुरु मौज्दात                       To Purchase खरिद                    172,100 Less: Purchase return खरिद फिर्ता      2,100 To Wages  ज्याला                        To Gross profit c/d   कुल नाफा Cr.total – Dr. Total	10,000   170,000 5,600  1,34,400	By Sales revenue  बिक्री आम्दानी         323,300 Less: Sale return  बिक्री फिर्ता                3,300	320000
	320000		320000
To Administrative expenses प्रशासन खर्चहरु  To Interest on mortgaged loan ऋणको व्याज To Distribution expenses वितरण खर्चहरु  To Salaries तलबहरु To Net profit खुद नाफा	5,000 8,000 12,000 12,000 1,00,600	By Gross profit b/d   कुल नाफा By Apprentice premium  वृद्धि प्रव्याज -शिक्षुता शुल्क_	1,34,400 3,200
	137,400		137,600

Solution

                                                       Balance Sheet

                                                 As on 31^st March 2019

Liabilites and capital	Amount	Assets	Amount
Share capital    पूँजी                      207,900 Add: Net profit    खुद नाफा           100,600                                     308,500 Less: Drawing    निकासी                 30000 Account payable तिर्नुपर्ने हिसाबहरु             Sundry Creditors  विविध साहुहरु Reserve fund सामान्य कोष Mortgaged loan बन्धकी ऋण	278,500 5500 12000 100000 80000	Vehicles गाडीहरु             Land and Building जग्गा तथा भवन             Plant and property  यन्त्र तथा सम्पत्ति Furniture and fixtures  फर्निचर तथा फिक्चर           Accounts receivable  प्राप्त गर्नुपर्ने हिसाबहरु Book debts                आसामीहरु Long term investment  दीर्घकालिन लगानी Cash at bank बैंकमा भएको पैसा (बैंक मौज्दात) Cash in hand  नगद मौज्दात Closing stock  अन्तिम मौज्दात	100000 168000 80000 34000 11000 23000 32,000 4,500 1,500 22,000
	476000		476000