(Ex.

17)
From the following Trial Balance and additional information of Shri. Agarkar prepare the
Crop A/c, Livestock Alc, and Profit &Loss Alc for the year ending 31.3.2024 and the
Balance sheet as on that date.
Trial Balance as on 31.3.2024
Debit Balance Amount Credit Balance Amount
Opening Stock (1.4.23) Capital A/c 22,50,000
Crop 1,75,000 Mortgage Loan 5,00,000
Fertilizers 50,000 Loan from Bank 2,50,000
Cattle 1,50,000 Sundry Creditors 2,50,000
Cattle Feed 1,00,000 Sales:
4,75,000 Paddy 8,50,000
Purchases: Fruits 1,50,000
Seeds 40,000 Cattle 5,00,000
Fertilizers 10,000 Milk 3,00,000
Cattle 2,75,000 18,00,000
Cattle Feed 55,000
3,80,000
Crop Expenses 1,00,000
Livestock Expenses 1;05,000
Repairs & Maintenance 75,000
Preparation of
Final Accounts 103

Int.on Mortgage Loan

Bank Interest
Cash in Hand
50,000
20,000
Cash at Bank 80,000
Sundry Debtors 2,50.000
Machinery 3,10,000
Managers Salary 4.00,000
Salary to Staff 60,000
Rent paid 1,80,000
Land &Building 65,000
25,00,000 50,50,000
Additional Information: 50,50,000
(a) Provide depreciation on
Land and Building at 8% and Machinery
(b) Rs. 17,500 worth of farm at7.
produce was consumed by the livestock.
(c) Managers Salary and staff salary are to he annortioned egually between crops ano
livestock sections.
(d) Stock as on 31.3.2024:
Cattle Rs. 4,40,000
Cattle Feed Rs. 45.000
Seeds Rs. 10,000
Fertilizers Rs. 5,000
(Ex. 18)
From the following Trial Balance and other information of Smt. Madhura Joshi's Farm
prepare Crop Alc, Livestock A/c, Profit &Loss A/c for the year ending 31-3-2024 and the
Balance Sheet as on that date:
Trial Balance as on 31.3.2024
Debit Balance Amount (Rs.) Credit Balance Amount (Rs.)
Opening Stock: Sales:
Livestock 1,50,000 Livestock 48,000
Paddy 60,000 Paddy 2,12,000
Cattle Feed 11,000 Milk 1,57,000
Fertilizers 5,000 4,17,000
Seeds 3,000 Sundry Creditors 26,000
2,29,000|Outstanding Exp. 44,400
Purchases: Capital Ac 4,41,800
Livestock 30,000
Cattle Feed 60,000
Fertilizers 16,000
Seeds 5,800
1.11.800
Sundry Debtors 61,000
12,000
Repairs &Maintenance
1,50,000
Farm Equipments 50,400
Crop Expenses 12,500
Livestock Expenses 11,700
General Expenses
Cash in Hand 7,300
8,500
Cash at Bank
2,75,000
Land &Buildings 9,29,200
9,29,200
Other Information:
(a) Stock on 31-3-2024:
(i) Livestock
Rs. 1,32,000
Rs. 30,000
(ü) Paddy
Cattle Feed Rs. 6,000
(i)
 104
Vivul'sT" Recent Trends in Accounting -
(iv) Fertilizers Rs. 3,500
(v) Seeds Rs. 2,700
(b) The consumption of farm output by the proprietor:
() Milk Rs. 6.000
(i) Paddy Rs. 9,500
(C) Provide 102% depreciation on Farm Equipments and 2%% on Land and Buildinas.
(Ex. 19)
From the following Trial Balance of Shri. Ingle, a farmer, prepare the Trading and Proft
a LOss Ac for the year ending 31-3-2024 and the Balance Sheet as on that date:
Trial Balance as on 31.3.2024
Debit Balance Amount (Rs.) Credit Balance Amount (Rs.)
Opening Stock: Sales:
Cattle 5,40,000 Cattle 1,35,000
Cattle Feed 36,000 Paddy 5,85,000
Paddy 2,70,000 Diary Products 3.24.000
Fertilizers 77,400 10,44.000
9,23,400 Creditors 1,35,000
Purchases: Loan from Bank at 2,16,000
Cattle 1,08,000 7% Interest
Cattle Feed 57,600 Capital 17,10,000
Paddy 11,700
Fertilizers 21,600
1,98,900
Crop Expenses:
Labour 70,200
Other Direct Charge 7,200
77,400
Cattie Expenses:
Medicines 16,200
Labour 19,800
Diary Expenses 54,000
90,000
General Expenses 14,400
Land 12,60,000
Tractor 4,14,000
Cash 1,26,900
18,00,900
31,05,000 31,05,000
Additional Information:
(a) Closing Stock:
() Paddy Rs. 41,400
(i) Cattle Rs. 5,94,000
(iii) Cattle Feed Rs. 14,400
(iv) Fertilizers Rs. 5,400
Total Rs. 6,55,200
(b) The proprietor has consumed the following items out of his farm output:
Diary Products Rs. 36,000
Paddy Rs. 18,000
Total Rs. 54,000
(c) Interest on loan is outstanding for one year.
(d) Provide depreciation at 8% on Tractor.
(Ex. 20)
From the following Trial Balance of Shri. Surve, prepare the Crop A/c, Livestock AlG
and Profit & Loss A/c for the year ending 31.3.2024 and Balance Sheet as on that date.
 105
Prenaration of Final
Accounts
Trial Balance as on 31.3.2024 Amount (Rs.)
Debit Balance
Amount (Rs.) Credit Balance
Opening Stock (1.4.23 Sales:
Livestock 8.00.000
25.00.000 Livestock
32.00.000
Paddy 10.00.000 Paddy
Cattie Feed 20.00.000
2.00.000 Milk 60.00.000
Fertilizers 2.25.000 2.80.000
Seeds 75.000 Sundry Creditors 20.000
40.00.000 Outstanding Exp. 36,40,000
Purchases: Capital Ac
Livestock 4,50.000
Cattle Feed 9.00.000
Fertlizers 2.40.000
Seeds 90,000
16,80.000
Sundry Debtors 2,00,000
Reoair &Maintenance 1,20.000
Purchase of Fam 14,00,000
Eouipments
Croc Expenses 3,00,000
Lvestock Expenses 80,000
General Expenses 70,000
Cash in Hand 50,000
Cash at Bank 40.000
Land &Building 20,00,000 99,40,000
99,40,000
Additional Information:
(a) The consurmption of farm output by the proprietor is:
Paddy Rs. 50,000
Milk Rs. 65.000
Total Rs. 1.15,000
on Land and Buildings.
(b) Provide 12% Depreciation on Farm Equipments and 10%
(c) Closing Stock as on 31.3.2024:
Cattle Feed Rs. 1,30,000
Livestock Rs. 20,00,000
Paddy Rs. 4,00,000
Rs. 30,000
Ferilizers
Seeds Rs. 40,000
Total Rs. 26,00,000
(Ex. 21) the Crop A/c, Livestock Alc and
From the following balance of Shri Bhandari, prepare
Profit &Loss A/c for the year ending 31.3.2024 and the Balance Sheet as on that date.
Trial Balance as on 31.3.2024
Amount (Rs.) Credit Balance Amount (Rs.)
Debit Balance
Sales:
Opening Stock on 4,50,000
1.4.2023:
Paddy
Cattle 2,25,000
Cattie Feed 1,05,000 3,30,000
1,20,000 Milk
Catte 30,000
Crops 1,65,000 Vegetables
60,000 Fruits 15,000
Fertilizers
4,50,000 10,50,000
Sundry Creditors 1,35,000
Purchases: Loan from Bank 3,22,500
Cattle 3,00,000
Cattle Feed 90,000 Capital A/c 10,05,000
106 V"VV Vipul'sM Recent Trendsin

Seeds
Fertilizers
30,000
30,000
Accounting-|
4,50,000
Crop Expenses 37,500
Livestock Expenses
Bank Interest
45,000
30,000
Repairs &Maintenance 37,500
Cash at Bank 82,500
Cash in Hand 45,000
Machinery
Debtors
1,80,000
1,20,000
Land &Buildings 9,00,000
Rent paid 30,000
Salary to Staff 75,000
Managers Salary 30,000

Additional Information:
25,12,500 25,12,500
(a) Closing Stock as on 31.3.2024:
Cattle Rs. 2,13,750
Cattle Feed Rs. 41,250
Seeds Rs. 15,000
Fertilizers Rs. 7,500
(b) Managers salary and Salary to staff are to be apportioned equally between crop and
livestock sections.
(C) Rs. 7,500 worth of farm produce was consumed by the livestock.
(d) Provide depreciation on Land &Buildings at 6% and on Machinery at 8%.
(Ex. 22)
From the following Trial Balance and other information of Smt. Parrikar's Farm prepare
Crop A/c, Livestock Alc, Profit &Loss Alc for the year ending 31-3-2024 and the Balance
Sheet as on that date:
Trial Balance as on 31.3.2024
Debit Balance Amount (Rs.) Credit Balance Amount (Rs.)
Opening Stock: Sales:
Livestock 2,25,000 Livestock 72,000
Paddy 90,000 Paddy 3,18,000
Cattle Feed 16.500 Milk 2,35,500
Fertilizers 7,500 6,25,500
Seeds 4,500 Sundry Creditors 39.000
3,43,500 Outstanding Exp. 66,600
Purchases: Capital A/c 6,62,700
Livestock 45,000
Cattle Feed 90,000
Fertilizers 24,000
Seeds 8,700
1,67,700
Sundry Debtors 91,500
Repairs & Maintenance 18,000
Farm Equipments 2,25,000
Crop Expenses 75,600
Livestock Expenses 18,750
General Expenses 17,550
Cash in Hand 10,950
Cash at Bank 12,750
Land & Buildings 4,12,500
13,93,800 13,93,800
Preparation of Final Accounts 107

Other Information:
(a) Stock on 31-3-2024:
(i) Livestock Rs. 1,98,000
(ii) Paddy Rs. 45,000
(ii) Cattle Feed Rs. 9,000
(iv) Fertilizers Rs. 5,250
(v) Seeds Rs. 4,050
(b) The consumption of farm output by the
(i) Milk Rs. 9,000
proprietor:
(i) Paddy Rs. 14,250
(c) Provide 94% depreciation on Farm Equipments and 5% on Land and Buildings.
(Ex. 23)
From the following Trial Balance of Shri. Marathe, a farmer, prepare the Trading and
Protit & LOss A/c for the year ending 31-3-2024 and the Balance Sheet as on that date:
Trial Balance as on 31.3.2024
Debit Balance
Amount (Rs.) Credit Balance Amount (Rs.)
Opening Stock: Sales:
Cattle |14,40,000 Cattle 3,60,000
Cattle Feed 96,000 15,60,000
Paddy
Paddy 7,20,000 Diary Products 8,64,000
Fertilizers 2,06,400 27,84,000
24,62,400 Creditors 3,60,000
Purchases: Loan from Bank 5,76,000
Cattle 2,88,000 at 7% Interest
Cattle Feed 1,53,600 Capital 45,60,000
Paddy 31,200
Fertilizers 57,600
5,30,400
Crop Expenses:
Labour 1,87,200
Other Direct Charges 19,200
2,06,400
Cattle Expenses:
Medicines 43,200
Labour 52,800
Diary Expenses 1,44,000
2,40,000
General Expenses 38,400
Land 33,60,000
Tractor |11,04,000
Cash 3,38,400
48,02,400
82,80,000 82,80,000
Additional Information:
(a) Closing Stock:
() Paddy Rs. 1,10,400
(i) Cattle Rs. 15,84,000
(iii) Cattle Feed Rs. 38,400
(iv) Fertilizers Rs. 14400
Total Rs. 17,47,200
108 V"Vv" Vipul'sM Recent Trends in Accounting -I
(0) Ihe proprietor has consumed the following items out of his farm output:
Diary Products Rs. 96,000
Paddy
Total
Rs. 48,000
Rs. 1,44,000
(C) Interest on loan is outstanding for one year.
(d) Provide depreciation at 72% on Tractor.
(Ex. 24)
From the following Trial Balance of Shri. Ranade, prepare the Crop A/c, Livestock A/c
and Profit &Loss A/c for the year ending 31.3.2024 and Balance Sheet as on that date.
Trial Balance as on 31.3.2024
Debit Balance Amount (Rs.) Credit Balance Amount (Rs.)
Opening Stock (1.4.23) Sales:
Livestock 3,00,000 Livestock 96,000
Paddy 1,20,000 Paddy 3,84,000
Cattle Feed 24,000 Milk 2,40,000
Fertilizers 27,000 7,20,000
Seeds 9,000 Sundry Creditors 33,600
4,80,000Outstanding Exp. 2,400
Purchases: Capital Ae 4,36,800
Livestock 54,000
Cattle Feed 1,08,000
Fertilizers 28,800
Seeds 10,800
2,01,600
Sundry Debtors 24,000
Repair &Maintenance 14,400
Purchase of Farm 1,68,000
Equipments
Crop Expenses 36,000
Livestock Expenses 9,600
General Expenses 8,400
Cash in Hand 6,000
Cash at Bank 4,800
Land &Building 2,40,000
11,92,800 11,92,800
Additional Information:
(a) The consumption of farmoutput by the proprietor is:
Paddy Rs. 6,000
Milk RS. 7,800
Total Rs. 13,800
(b) Provide 12% Depreciation on Farm Equipments and 4% on Land and Buildings.
(c) Closing Stock as on 31.3.2024:
Cattle Feed Rs. 15,600
Livestock Rs. 2,40,000
Paddy Rs. 48,000
Fertilizers Rs. 3,600
Seeds Rs. 4,800
Total Rs. 3,12,000
Preparation of FinalAccounts 109

(Ex. 25)
From the Tollowing balance of Shri Pendse prenare the Crop Alc. Livestock AC ario
Profit &LoSs Ac for the year ending 31.3.2024 and the Balance Sheet as on that date.
Trial Balance as on 31.3.2024
Debit Balance Amount (Rs.)
Amount (Rs.) Credit Balance
Opening Stock on Sales:
1.4.2023: Paddy 11,55,000
Cattle Feed 2,69,500 Cattle 5,77,500
Cattle 3,08,000 Milk 8,47,000
Crops 4,23,500 Vegetables 77,000
Fertilizers 1,54,000 Fruits 38,500
11,55,000 26,95,000
Purchasses: Sundry Creditors 3,46,500
Cattle 7,70,000 Loan from Bank 8,27,750
Cattle Feed 2,31,000 Capital Ac 25,79,500
Seeds 77,000
Fertilizers 77,000
11,55,000
Crop Expenses 96,250
Livestock Expenses 1,15,500
Bank Interest 77,000
Repairs & Maintenance 96,250
Cash at Bank 2,11,750
Cash in Hand 1,15,500
Machinery 4,62,000
Debtors 3,08,000
Land &Buildings 23,10,000
Rent paid 77,000
Salary to Staff 1,92,500
Managers Salary 77,000
64,48,750 64,48,750
Additional Information:
(a) Closing Stock as on 31.3.2024:
Cattle Rs. 5,48,625
Cattle Feed Rs. 1,05,875
Seeds Rs. 38.500
Fertilizers Rs. 19,250
crop and
(b) Managers salary and Salary to staff are to be apportioned equally between
livestock sections.
the livestock.
(C) Rs. 19,250 worth of farm produce was consumed by
at 10%.
(d) Provide depreciation on Land &Buildings at 5% and on Machinery

V"V"V
ViPUL VIPUL