AccountancyNEB 2076 (old course)
१४. ABC कम्पनीको ३१ डिसेम्बर २०१७ को निम्न सन्तुलन परीक्षण दिइएको छ: The following trial balance of ABC company for the year ending 31st December, 2017 is given: डेबिट (Debit) रु. (Rs.) क्रेडिट…
5१४. ABC कम्पनीको ३१ डिसेम्बर २०१७ को निम्न सन्तुलन परीक्षण दिइएको छ: The following trial balance of ABC company for the year ending 31st December, 2017 is given:
| डेबिट (Debit) | रु. (Rs.) | क्रेडिट (Credit) | रु. (Rs.) |
|---|---|---|---|
| शुरु मौज्दात (Opening stock) | 50,000 | शेयर पूँजी (Share Capital) | 8,00,000 |
| खरीद (Purchases) | 2,00,000 | ऋणपत्र (Debentures) | 2,00,000 |
| जग्गा तथा भवन (Land and Building) | 15,00,000 | बिक्री (Sales) | 15,10,000 |
| प्लान्ट तथा मेशिन (Plant and Machine) | 5,00,000 | कमिशन (Commission) | 50,000 |
| खरीद दुवानी (Carriage Inwards) | 30,000 | खराब ऋण जगेडा (Reserve for baddebt) | 15,000 |
| तलब (Salaries) | 1,50,000 | साहूहरू (Creditors) | 55,000 |
| ज्याला (Wages) | 35,000 | साधारण जगेडा (General Reserve) | 45,000 |
| बैंक मौज्दात (Bank balance) | 15,000 | खरीद फिर्ता (Purchase Return) | 5,000 |
| आसामी (Debtor) | 50,000 | नाफा नोक्सान खाता (Profit and Loss Account) | 1,55,000 |
| लगानी (Investment) | 2,00,000 | ||
| स्टेशनरी (Stationeries) | 45,000 | ||
| छुट (Discount) | 5,000 | ||
| भाडा (Rent) | 25,000 | ||
| बिक्री फिर्ता (Sales Return) | 10,000 | ||
| बीमा (Insurance) | 20,000 | ||
| Total | 28,35,000 | Total | 28,35,000 |
थप जानकारी (Additional information):
- अन्तिम मौज्दात (Closing stock): Rs.80,000
- आसामीमा खराब ऋण कट्टी (Baddebt written off on debtor): @5%
- तिर्न बाँकी तलब (Outstanding salaries): Rs.30,000
- नकमाइएको कमिशन (Unearned commission): Rs.10,000
- प्रस्तावित लाभांश (Proposed dividend): @10%
Answer
Solution to NEB 2076 (Old Course) – Accountancy (Class 12) – 5 Marks
Step 1: Prepare Trading Account
- Calculate Gross Profit:
- Opening Stock: Rs. 50,000
- Purchases: Rs. 2,00,000
- Less: Purchase Returns: Rs. 5,000
- Add: Carriage Inwards: Rs. 30,000
- Total Cost of Goods Available for Sale: Rs. 2,75,000
- Less: Closing Stock: Rs. 80,000
- Cost of Goods Sold (COGS): Rs. 1,95,000
- Sales: Rs. 15,10,000
- Less: Sales Returns: Rs. 10,000
- Net Sales: Rs. 15,00,000
- Gross Profit: Rs. 15,00,000 – Rs. 1,95,000 = Rs. 11,20,000
Step 2: Prepare Profit & Loss Account
- Adjustments:
- Bad Debts (5% of Rs. 50,000): Rs. 2,500
- Outstanding Salaries: Rs. 30,000 (added to Salaries)
- Unearned Commission (Rs. 10,000): Deducted from Commission
- Total Commission Earned: Rs. 50,000 – Rs. 10,000 = Rs. 40,000
- Calculate Net Profit:
- Gross Profit: Rs. 11,20,000
- Less: Expenses:
- Salaries: Rs. 1,50,000 + Rs. 30,000 = Rs. 1,80,000
- Wages: Rs. 35,000
- Rent: Rs. 25,000
- Insurance: Rs. 20,000
- Discount: Rs. 5,000
- Bad Debts: Rs. 2,500
- Total Expenses: Rs. 2,67,500
- Net Profit: Rs. 11,20,000 – Rs. 2,67,500 = Rs. 6,77,500
Step 3: Prepare Balance Sheet (Extract)
- Proposed Dividend (10% of Rs. 8,00,000 Share Capital): Rs. 80,000
- Total Liabilities & Capital:
- Share Capital: Rs. 8,00,000
- Debentures: Rs. 2,00,000
- General Reserve: Rs. 45,000
- Profit & Loss A/c (Net Profit): Rs. 6,77,500
- Less: Proposed Dividend: Rs. 80,000
- Total Capital: Rs. 16,42,500
Final Answer
- Net Profit for the year: Rs. 6,77,500
- Proposed Dividend: Rs. 80,000 (10% of Share Capital)
- Closing Balance Sheet Total: Rs. 16,42,500 (Liabilities + Capital)
Discussion
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