The following are account balances for Molto Traders for October 2019.Capital 45,000Accounts payable 6,000Equipment 29,000Sales revenue 23,000Drawings 6,000Insurance expense 3,500Purchases 11,000Utilities expense 700Inventory September 1, 2018 2,800Salaries and wages expense 9,000Accounts receivable 10,000Rent expense 2,000Required:a) Prepare the trial balance as at October 31, 2019

The following are account balances for the medical practice of Pierre Laswai,MD,for October 2016.Capital 30,000Accounts payable 6,000Equipment 29,000Service revenue 23,000Drawings 6,000Insurance expense 3,500Cash 11,000Utilities expense 700Supplies 2,800Salaries and wages expense 9,000Accounts receivable 10,000Rent expense 2,000Required:i. Prepare the trial balance as at October 31, 2016. (3 marks)ii. Indicate reasons why a trial balance may not balance. (3 marks)iii. Identify three types of errors that can remain in a balanced trial balance.(3 marks

Salary and WagesCash PSPurchases.Sundry ExpensesParticularsStock (1.4.2019)Trial Balance as on 31st March, 2020.Debit33.000SalesFrofollowing Trial Balance and ustments of Kumbhar and Maroti youprepare Tradingand Profit and Loss Account for the year endedon 31st March, 2020 and a Balance Sheet as on that date.are requiredParticularsCredit?3,30,0004.200Discount p4,00010.000Creditors Ln20,0002.25.200Bank Overdraft10,00013,600Interest on Investment8,000Wages T-12.000Capitals:Bills Receivable6.000Kumbhar60,000Travelling Expenses2.000Maroti40,000Bad Debts c3,000Factory Expenses8,000Commission34504,000Investments pl20,000Debtors c40,000Tools and Equipments6.000urniture As12,000Goodwill Ag21,000wilding As50,0004.72,0004,72,000Adjustments:1) Partners share Profit and Losses in the ratio of their capitals.Closing Stock is valued at Cost Price 40,000 and at Market Price * 45,000.Kumbhar has withdrawn goods worth 1,200 for his own use, but no entry is made in the books.Uninsured goods worth 12,000 were lost by fire.* 450 are to be written off as bad debts.Unpaid Expenses: Salary and Wages 800 and Rent * 1,200.Depreciate Building @ 7.5% p.a​

15) The following is the trial balance of a trader as on 31st Chaitra, 2075: [4+6+5=15]Particulars Debit (Rs) Particulars Credit (Rs)Opening stock 1,40,000 Sales 3,00,000Salaries 51,000 Capital 4,00,000Drawing 50,000 12% Loan 50,000Building 2,00,000 Commission 3,000Furniture 30,000 Creditors 50,00010% Investment 50,000 Bills payable 134,000Purchases 2,50,000 Provision for bad debt 2,500Interest on loan 3,000    Wages 20,000    Insurance 5,000    Debtors 1,00,000    Cash balance 10,500    Bills receivable 30,000      9,39,500   9,39,500Additional information:a) Closing stock Rs. 1,50,000.b) Outstanding expenses: Wages Rs. 2,000, Salaries Rs. 9,000.c) Write off bad debts Rs. 10,000.d) Create provision for bad debts @ 5% on debtors.e) Insurance prepaid Rs. 2,500.f) Depreciate furniture by 10%.Required:Trading accountBalance sheetProfit and loss account

Prepare trading Account profit and loss and profit and losss Approprition Account for the year ended 31 st March , 2019 and Balance sheet as at that date after accounting the following adjustments :(i ) stock as at 31 st March , 2019 was Rs. 50.000,(ii) Rent is Rs. 10.000 per month ,(iii) Depreciate Furniture and fixtures and Computers @ 20 % p.a ,Machinery @ 10% p.a and(iv) interest on capitals is allowed @ 6% p.a .

The trial balance of Gayathri business on 2021.12.31 is as follows.Rs. ‘000’Details Debit CreditCash and cash equivalentsStock on 31.12.2021Bonus payment for sales employeesInsuranceTrade payableCapitalBank loan interest20% Bank loanElectricity chargeMotor vehicle repairOther expensesAccumulated depreciation on 2021.01.01Property, plant and equipment – cost on 2021.01.01Trade receivableOther administrative expensesProvision for doubtful debt on 2021.01.01Office rentTelephone chargeSalesCost of sales1504503007001006506501 22012 70080090030527010 0004008 7001 0003 02510015 97029 195 29 195Additional information:1. Details of accumulated depreciation of property, plant and equipment are as follows.Assets Cost Rs. ‘000’ Accumulateddepreciation Rs. ‘000’Motor vehicleOffice equipmentLand and building(Land cost Rs. 5 000)2 0001 0009 7006006251 80012 700 3 0252. In accordance with inventory records, cost value of stock on 31.12.2021 is Rs. 450 000. However, thegoods taken by Gayathri for her private need have not been recorded.3. Telephone charge not paid up to 31.12.2021 is Rs. 30 000.4. Property, plant and equipment are depreciated on straight line method. The details useful life time andresidual value are given below.Grade - 12 (2023) – 2023 FWC - 7 - Accounting- IAssets Useful life time Residual valueMotor vehicleOffice equipmentBuilding20 years10 years18 years---5. Other expenses include the following expenses.Fire loss Rs. 220 000Business fees Rs. 100 000Employee salary Rs. 400 0006. A new office equipment was purchased for Rs. 500 000 on 2021.07.01. This amount was erroneouslyrecorded in other administrative expenses. Life time of this equipment was estimated as 5 years andthere is no residual value.7. Rs. 100 000 should be written off from debtors and allowance for doubtful debt on 2021.12.31 shouldbe adjusted as 10% of closing trade receivable.8. Cash control account balance of the business on 2021.12.31 and bank statement balance on the samedate were different due to the following reasons.(a) Rs. 50 000 directly deposited by a debtor directly at bank was not recorded in the books.(b) Own life insurance premium of Gayathri paid from the business fund was not recorded in theaccounting books.(c) Bank overdraft interest Rs. 15 000 in bank statement was not recorded in the accounting booksup to 31.12.2021.Required,1. Profit or loss statement for the year ended 2021.12.312. Statement of financial position as at 2021.12.31