The following Trial balance has been extracted from the books of Tendulkars Restaurant on 31st Dec. 2004:

Closing Stock on 31st Dec. 2004 was 1,27,410.

1. Depreciation on Plant and machinery 10% and furniture 5%. 2. Raise the Provision for Bad Debts to 15,000. 3. Insurance includes annual premium of 720 on a policy, which will expire on 30th June 2005. 4. Purchase included two typewriters costing 6000.

Prepare final accounts.

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Cash in hand and at bank 7740 Capital 3,00,000 Drawings 12,600 Bills Receivable 3720 Land and Buildings 65,160 Furniture 10,240 Wages 93,770 Discount Allowed 7920 Discount Received 5970 Loan A/c at 6% 30,000 Bank Charges 210 Bad Debts 2760 Sundry Debtors 1,31,550 Office Salaries 12,840 Purchases 3,98,160 Stock (1.1.04) 1,20,450 Sales Returns 3750 Carriage Inward 10,360 General Expenses 15,360 Plant and Machinery 43,280 Rent and Rates 7260 Purchases Returns 2910 Sales 5,63,010