Year 9 - Accounts - 22.4.14

Thai Sikh International School

E-Learning Programme – Online Assignment –  17-04-2014

Name:                                                                                     Subject:  Accounting

Year   :  9 A/B                                                                        Week No. :  06                                  

   1.   The following Trial Balance is taken from the books of Maria as at 31 July 2006. 

Maria

Trial balance as at 31 July 2006

                                                        Debit             Credit

                                                          $                     $

Sales                                                                     186000

Purchases                                          143000

Stock                                                 32000

Sales returns                                      1800

Purchases returns                                                 4000

Carriage inwards                                5000

Discount received                                                  3500

Loan interest                                      1800

Wages                                              15400

Heat and light (expenses)                            2500

General expenses                               4200

Premises                                            65000

Fixtures and equipment                     29000                  

Loan from ABC Ltd                                                 25000

Trade Payables                                                      23000

Trade receivables                               28000                           

Bank                                                  25500

Cash                                                  100

Capital                                                                  120000

Drawings                                            8200

                                                          ----------     ---------

                                                          361500       361500

                                                          ------------  ----------

Additional information

1.   Stock on 31 July 2006 was valued at $ 26000.

a)   Prepare Trading and  Profit and Loss Account of  Maria for the year ended 31 July 2006

b)   Prepare the Balance sheet of Maria as at 31 July 2006.

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1.