Assignment Task
Additional Information
(i) Stock on 31st March. 2016 was t 360000
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(iii) Sales from 01.04.2015 to 30.09.2015 was 2 1200000
(iv) Wages from 01.04.2015 to 30.09.2015 was 2 120090
(v) Stock on 30.09.2015 was T 120000
(vi) Furniture worth T1,00,000 was purchased on 01.01.2015. Write off depreciation at 20% p.a.
(vii) Interest on partner’s capital was to be provided at 12% p.a. and no interest nn drawings was provided.
You are required to prepare :–
(a) Trading A/c, Profit & Loss A/c and Profit & Loss Appropriation A/c for the period from 01.04.2015 to 30.09.2015 and from 01.10.2015 to 31.03.2016.
(b) Balance Sheet as on 31st March, 2016.
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