The following balances were extracted from the books of Tulleho Restaurant on 31st March 2005:

Adjustments:

1. Stock on 31st March 2005 was valued at *23,000. 2. Write off further Bad Debts 180 and maintain the Bad Debts Provision at 5% on Debtors. 3. Depreciate Machinery at 10%. 4. Provide 700 for outstanding interest on loan. Prepare Trading and Profit and Loss A/c and Balance Sheet as on 31st March 2005.

Transcribed Image Text:

Capital 24,500 Loan 7880 Drawings 2000 Sales 65,360 General Expenses 4740 Purchases 47,000 Buildings 11,000 Motor Car 2000 Machinery 9340 Bad Debts Provision 900