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ICSE Class 10 Commerce 2022 Solved Papers

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Question : 29
Total: 29
Use the following Trial Balance to fill in the missing details (entry and amount) to complete the Accounts of Ms. Razdan as on 31st March, 2021.
 Particulars  Amount (Dr.) Rs.  Amount (Cr.) Rs.
 Capital    60,000
 Drawings  4,500  
 Cash at Bank  4,200  
 Purchase  66,000  
 Sales    1,35,000
 Purchase Returns    3,000
 Sales Returns  6,000  
 Discount  1,200  
 Carriage Outwards  1,800  
 Salaries  18,000  
 Trade expenses  3,600  
 Opening Stock  15,000  
 Bad debts  1,800  
 Rent  4,500  
 Machinery  1,08,000  
 Furniture  15,000  
 Debtors  15,000  
 Creditors    30,000
 Stationery  7,500  
 Commission received    900
 Loan    43,200
   2,72,100  2,72,100

Closing Stock on 31‌st ‌ March, 2021 was valued at ₹ 78,000 .
Note: Do not copy the final accounts. Only fill in the blanks with entry and amount.
Trading Account of Ms. N, Razdan for the year ending 31‌st ‌ March, 2021
 Particulars  Amount Dr.  Particulars  Amount Cr.
 To Opening Stock  15,000  By Sales 1,35,000  
 To Purchases 66,000    (-) Sales Returns 6,000  1,29,000
 (-) Purchase Returns 3,000  63,000  By Closing Stock  78,000
 To Gross Profit transferred to the Profit and Loss account  (i) .........    
   2,07,000    2,07,000

Profit and Loss Aceount of Ms. N. Razdan for the year ending 31‌st ‌ Mareh, 2021
 Particulars  Amount Dr.  Particulars  Amount Cr.
 To Discount  1,200  By Gross Profit from the Trading Account  (i) ..........
 (ii) ........  (ii) ........  (iii) ........  (iii) ........
 To Salary  18,000    
 To Trade Expenses  3,600    
 To Bad Debts  1,800    
 To Rent  4,500    
 To Stationery  7,500    
 To Net Profit  (iv) .........    
   1,29,900    1,29,900

Balance Sheet of Ms. N. Razdan as on 31‌st ‌ March, 2021

 Liabilities  Amount Dr.  Assets  Amount Cr.
 Capital 60,000    Cash at bank  4,200
 (-) Drawings 4,500    Machinery  1,08,000
 (+) Net profit (iv) ...........  1,47,000  Furniture  15,000
 Creditors  30,000  (v) ..............  (v) ..............
 (vi) ..........  (vi) ..........  Closing Stock  78,000
   2,20,200    2,20,200

Only fill the table:
 S.No  Entry  Amount
 (i)  To Gross Profit   .....................
 (ii)  .....................  .....................
 (iii)  .....................  .....................
 (iv)  To Net Profit  .....................
 (v)  .....................  .....................
 (vi)  .....................  .....................
Solution:  
 S.No  Entry  Amount
 (i)  To Gross Profit  1,29,000
 (ii)  Carriage outward  1,800
 (iii)  Commission Received  900
 (iv)  To Net Profit  91,500
 (v)  Debtors  15,000
 (vi)  Loan  43,200
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