NEB Model Question (Set A) Accounting Question 20 Solution

३१ चैत्र २०८० सम्मको अवधिको लागि

प्रश्न:

एउटा कम्पनीको गत वर्षको चैत्र ३१ को सन्तुलन परीक्षण निम्नानुसार दिइएको छ:

थप जानकारी (Additional Information):

i. अन्तिम मौज्दात (Closing inventory) रु. १२०,०००

ii. अग्रिम बीमा खर्च भयो (Prepaid insurance expired) रु. ८,०००

iii. ह्रासकट्टी (Depreciation): उपकरण १०% = रु. १०,०००, भवन ५% = रु. १५,०००

iv. आयकर प्रावधान (Income tax provision) २५%

Required (तयार गर्नुहोस्):

a) नाफा नोक्सान विवरण (Profit and Loss Account/Statement)

b) वित्तीय स्थितिको विवरण (Statement of Financial Position/Balance Sheet)

नाफा नोक्सान विवरण (३१ चैत्र २०८० सम्मको अवधिको लागि)

वित्तीय स्थितिको विवरण (३१ चैत्र २०८० को रूपमा)

NEB Model Question (Set A) Accounting Question 20 Solution

For the year ended 31st Chaitra, 2080

Question:

The following Trial Balance of a company as on 31st Chaitra last year is given below:

Additional Information:

i. Closing inventory Rs. 120,000

ii. Prepaid insurance expired Rs. 8,000

iii. Depreciation: Equipment 10% = Rs. 10,000, Building 5% = Rs. 15,000

iv. Income tax provision @ 25%

Required:

a) Profit and Loss Account/Statement

b) Statement of Financial Position/Balance Sheet

Profit or Loss Statement for the year ended 31st Chaitra

Statement of Financial Position as at 31st Chaitra

✓ Net Profit: Rs. 77,250 | Total Assets: Rs. 765,000 | Total Equity: Rs. 609,250