Question
(a) Define a trade union. Describe any three of its features.
(b) Discuss any five problems faced by trade unions in India.
(b) Discuss any five problems faced by trade unions in India.
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| Debit (₹) | Credit (₹) | |
| Opening Stock | 5,000 | |
| Capital | 30,000 | |
| Drawings | 2,000 | |
| Loan from Mr. Patel | 8,000 | |
| Purchases and Sales | 13,000 | 50,000 |
| Rejections Returned | 2,000 | 500 |
| Wages | 5,000 | |
| Salaries | 8,000 | |
| Carriage Outward | 2,000 | |
| Rent and Rates | 3,000 | |
| Telephone and Trunk Calls | 800 | |
| Petty Expenses | 400 | |
| Plant and Machinery | 35,000 | |
| Office Fixtures and Equipment | 10,000 | |
| Cash in Hand | 2,000 | |
| Bank Overdraft | 1,000 | |
| Customers and Suppliers | 8,000 | 6,700 |
| 96,200 | 96,200 |
| TRIAL BALANCE | |||
| Dr.(₹) | Cr.(₹) | ||
| Building | Capital Account | 25,000 | |
| Depreciation on above | Provision for Depreciation on Machinery on (1/1/2018) | 800 | |
| Machinery | Creditors | 12,000 | |
| Furniture | Bank Loan | 6,000 | |
| Drawings | Sales | 53,000 | |
| Debtors | Outstanding Carriage Inward | 200 | |
| Cash | |||
| Opening Stock | |||
| Purchase | |||
| Wages | |||
| Carriage Inwards | |||
| Salary | |||
| Prepaid Salary | |||
| Advertisement | |||
| Insurance | |||
| Packing Materials | |||
| 97,000 | 97,000 | ||