ACCOUNTS D1

 

Prepare a profit and loss account for the year ended 31^ST May 2018 from the following balances:

Transport……………………..…………..sh. 59,000

Advertising …………..………………… sh. 70,000

General expenses…………..………. sh 34,000

Sundry expenses…………..……….. sh 5,000

Interest received …………..……….sh. 30,000

Carriage …………..……………………..sh 42,000

Gross profit …………..……………… sh 124,000

 

Solution

Dr               PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON 31TH, MAY-2018                   Cr
Particulars	Folio	Amount	Particulars	Folio	Amount
Transport		59,000	Gross profit	b/d	124,000
Advertising		70,000	Interest received		30,000
General expenses		34,000	Net Loss		56,000
Sundry expenses		5,000
Carriage		42,000
		210,000			210,000

 

TRY THIS………..

 

Prepare a profit and loss account for the year ended 31^ST November 2016 from the following balances:

Transport ----------------------sh. 77,000

Advertising --------------------sh. 57,000

General expenses------------- sh 38,000

Sundry expenses --------------sh 9,000

Interest received------------- sh. 34,000

Carriage -------------------------sh 24,000

Gross profit----------------------sh 104,000

ALGEBRA D1

 

The sum of four consecutive numbers is 606. Find the 3rd number.

 

Solution

 

Let the numbers be as shown in the table below

 

1st number	2nd number	3rd number	4th number	TOTAL
n	n+1	n+2	n+3	606

 

Then, n + (n+1) + (n+2) + (n+3) = 606

 

4n + 1+2+3= 606

 

4n + 6 = 606

 

4n = 606 – 6

 

4n = 600 

 

4n = 600

 4        4

 

n = 150

 

3rd number = n +2

 

                   = 150 + 2

 

                   = 152

 

Hence the 3rd number is 152

 

TRY THIS………………….. 

 

The sum of five consecutive numbers is 1035. Find the largest number.