meaning of physical
What is a saturated solution?
Write a performa of sources and application of funds
2. The following is the Trial Balance of Kamal Enterprises for the year ended 31st December, 2021. You are required to prepare a profit and Loss accou…nt and Balance Sheet after taking into account the adjustments given below. Trial Balance Dr. Particulars Cash in Hand Cash at Bank Office Furniture Accounts Receivables Commissions Bills Receivable Power and Fuel Plant and Machinery Office Expenses Carriage Inwards Carriage Outwards Rent, Rates and Taxes Leasehold Premises Wages Salaries Opening Inventory Sales Returs Purchases Drawings Rs. Particulars 500 Sales 1,200 Purchase returns 6,000 Creditors 15,000 Bills Payables 1.200 Discount Received 3.500 Dividend Received 6,000 Rent Received 24,000 Capital 2,000 1.200 3,500 1,700 25,000 30,000 7,000 12,000 2,000 60,000 7,000 2,08,800 Cr. e) To provide for band & doubtful debits for Rs.1.500. f) Discount earned but not received Rs.100. g) Commission due but not received Rs.200. h) Rent received includes Rs. 500 received in advance. Rs. 1,50,300 5,000 12,000 8,000 1,000 2,000 3,500 27,000 2,08,800 Adjustments: a) Closing Inventory as on 31-12-2021, Rs. 18,000. b) Depreciate Plant & Machinery at 10%. c) Salaries outstanding Rs. 1,000, Power & Fuel Outstanding Rs. 2000. d) Rs.5.000 was spent on Plant & Machinery but wrongly included in wages.
A, B and C are partners sharing profits and losses in the ratio of 4.3.2. D is admitted for 2/9 share of profit and brings Rs 30,000 as capital and Rs…10,000 for his share of goodwill. The new profit sharing ratio between partners will be 3:2:2:2. Goodwill amount will be credited in the capital accounts of- a) A only b) A and B equally c) A B and C equally d) A and C equally
