Answer :
To solve this problem, let's analyze each piece of financial information given and how adjustments and calculations are derived step-by-step.
### Step 1: Understanding the Given Data
#### Asset Side (मौज्दात)
- Cash balance: Rs. 20,000
- Sundry debtors: Rs. 20,000
- Furniture at Cost: Rs. 1,00,000
- Land: Rs. 2,50,000
- Printing and Stationery: Rs. 4,000
- Prepaid Insurance: Rs. 42,000
- Prepaid Salary: Rs. 4,000
- Bank Balance: Rs. 10,000
- Goodwill: Rs. 10,000
#### Liability and Capital Side (विबरण)
- Gross Profit: Rs. 96,000
- Bills Payable: Rs. 20,000
- Profit on Sale of Old Furniture: Rs. 12,000
- Capital: Rs. 3,70,000
- Drawings: Rs. 4,000
- Rent Paid: Rs. 10,000
- Salary Paid: Rs. 28,000
- Outstanding Rent: Rs. 2,000
### Step 2: Making Adjustments Based on Additional Information
- Prepaid insurance expired: Rs. 2,000
- Appreciation of land: 10% of Rs. 2,50,000 = Rs. 25,000
- Goodwill amortized: Rs. 8,000
### Step 3: Calculate Net Profit
Net profit includes:
- Add Gross Profit: Rs. 96,000
- Add Profit on Sale of Old Furniture: Rs. 12,000
- Add Expired Prepaid Insurance: Rs. 2,000
- Add Appreciation of Land: Rs. 25,000
- Subtract Goodwill Amortized: Rs. 8,000
- Subtract Salary Paid: Rs. 28,000
- Subtract Rent Paid: Rs. 10,000
- Subtract Outstanding Rent: Rs. 2,000
Hence, net profit is:
[tex]\[ \text{Net Profit} = 96,000 + 12,000 + 2,000 + 25,000 - 8,000 - 28,000 - 10,000 - 2,000 \][/tex]
[tex]\[ \text{Net Profit} = 87,000 \][/tex]
### Step 4: Calculate the Asset Side Total
Total assets involve:
[tex]\[ \begin{aligned} \text{Total Assets} &= \text{Cash Balance} + \text{Sundry Debtors} + (\text{Furniture at Cost} - \text{Profit on Sale of Old Furniture}) \\ &\quad + (\text{Land} + \text{Appreciation of Land}) + \text{Printing and Stationery} + \text{Bank Balance} \\ &\quad + (\text{Prepaid Insurance} - \text{Prepaid Insurance Expired}) + \text{Prepaid Salary} \\ &\quad + (\text{Goodwill} - \text{Goodwill Amortized}) \end{aligned} \][/tex]
Substitute the values:
[tex]\[ \begin{aligned} \text{Total Assets} &= 20,000 + 20,000 + (1,00,000 - 12,000) + (2,50,000 + 25,000) + 4,000 \\ &\quad + 10,000 + (42,000 - 2,000) + 4,000 + (10,000 - 8,000) \\ &= 20,000 + 20,000 + 88,000 + 2,75,000 + 4,000 + 10,000 + 40,000 + 4,000 + 2,000 \\ &= 4,63,000 \end{aligned} \][/tex]
### Step 5: Calculate the Total for Liability and Capital Side
Total liabilities and capital include:
[tex]\[ \begin{aligned} \text{Total Liabilities and Capital} &= \text{Capital} + \text{Net Profit} + \text{Drawings} - \text{Salary Paid} - \text{Rent Paid} \\ &\quad + \text{Outstanding Rent} + \text{Bills Payable} \end{aligned} \][/tex]
Substitute the values:
[tex]\[ \begin{aligned} \text{Total Liabilities and Capital} &= 3,70,000 + 87,000 + 4,000 - 28,000 - 10,000 + 2,000 + 20,000 \\ &= 3,70,000 + 87,000 + 4,000 - 28,000 - 10,000 + 2,000 + 20,000 \\ &= 4,45,000 \end{aligned} \][/tex]
### Conclusion
From the above derivations, our final calculations are:
- Net Profit: Rs. 87,000
- Total Assets: Rs. 4,63,000
- Total Liabilities and Capital: Rs. 4,45,000
### Step 1: Understanding the Given Data
#### Asset Side (मौज्दात)
- Cash balance: Rs. 20,000
- Sundry debtors: Rs. 20,000
- Furniture at Cost: Rs. 1,00,000
- Land: Rs. 2,50,000
- Printing and Stationery: Rs. 4,000
- Prepaid Insurance: Rs. 42,000
- Prepaid Salary: Rs. 4,000
- Bank Balance: Rs. 10,000
- Goodwill: Rs. 10,000
#### Liability and Capital Side (विबरण)
- Gross Profit: Rs. 96,000
- Bills Payable: Rs. 20,000
- Profit on Sale of Old Furniture: Rs. 12,000
- Capital: Rs. 3,70,000
- Drawings: Rs. 4,000
- Rent Paid: Rs. 10,000
- Salary Paid: Rs. 28,000
- Outstanding Rent: Rs. 2,000
### Step 2: Making Adjustments Based on Additional Information
- Prepaid insurance expired: Rs. 2,000
- Appreciation of land: 10% of Rs. 2,50,000 = Rs. 25,000
- Goodwill amortized: Rs. 8,000
### Step 3: Calculate Net Profit
Net profit includes:
- Add Gross Profit: Rs. 96,000
- Add Profit on Sale of Old Furniture: Rs. 12,000
- Add Expired Prepaid Insurance: Rs. 2,000
- Add Appreciation of Land: Rs. 25,000
- Subtract Goodwill Amortized: Rs. 8,000
- Subtract Salary Paid: Rs. 28,000
- Subtract Rent Paid: Rs. 10,000
- Subtract Outstanding Rent: Rs. 2,000
Hence, net profit is:
[tex]\[ \text{Net Profit} = 96,000 + 12,000 + 2,000 + 25,000 - 8,000 - 28,000 - 10,000 - 2,000 \][/tex]
[tex]\[ \text{Net Profit} = 87,000 \][/tex]
### Step 4: Calculate the Asset Side Total
Total assets involve:
[tex]\[ \begin{aligned} \text{Total Assets} &= \text{Cash Balance} + \text{Sundry Debtors} + (\text{Furniture at Cost} - \text{Profit on Sale of Old Furniture}) \\ &\quad + (\text{Land} + \text{Appreciation of Land}) + \text{Printing and Stationery} + \text{Bank Balance} \\ &\quad + (\text{Prepaid Insurance} - \text{Prepaid Insurance Expired}) + \text{Prepaid Salary} \\ &\quad + (\text{Goodwill} - \text{Goodwill Amortized}) \end{aligned} \][/tex]
Substitute the values:
[tex]\[ \begin{aligned} \text{Total Assets} &= 20,000 + 20,000 + (1,00,000 - 12,000) + (2,50,000 + 25,000) + 4,000 \\ &\quad + 10,000 + (42,000 - 2,000) + 4,000 + (10,000 - 8,000) \\ &= 20,000 + 20,000 + 88,000 + 2,75,000 + 4,000 + 10,000 + 40,000 + 4,000 + 2,000 \\ &= 4,63,000 \end{aligned} \][/tex]
### Step 5: Calculate the Total for Liability and Capital Side
Total liabilities and capital include:
[tex]\[ \begin{aligned} \text{Total Liabilities and Capital} &= \text{Capital} + \text{Net Profit} + \text{Drawings} - \text{Salary Paid} - \text{Rent Paid} \\ &\quad + \text{Outstanding Rent} + \text{Bills Payable} \end{aligned} \][/tex]
Substitute the values:
[tex]\[ \begin{aligned} \text{Total Liabilities and Capital} &= 3,70,000 + 87,000 + 4,000 - 28,000 - 10,000 + 2,000 + 20,000 \\ &= 3,70,000 + 87,000 + 4,000 - 28,000 - 10,000 + 2,000 + 20,000 \\ &= 4,45,000 \end{aligned} \][/tex]
### Conclusion
From the above derivations, our final calculations are:
- Net Profit: Rs. 87,000
- Total Assets: Rs. 4,63,000
- Total Liabilities and Capital: Rs. 4,45,000
