The following Trial Balance has been extracted from the books of Siddiqui Kabaab Corner on 31st Dec. 2008.

Adjustments: Provide for interest on capital at 5% per annum. Depreciate machinery at 10%. Wages outstanding amounting to 50. Rent prepaid amounts to 100. Stock on 31st Dec. 2008 amounts to 8000. Prepare final accounts.

Transcribed Image Text:

Dr. Balances: Cr. Balances: Machinery 4000 Capital 9000 Cash at Bank 1000 Sales 16,000 Cash in Hand 500 Sundry Creditors 4500 Wages 1000 Interest received 300 Purchases 8000 Stock (1.1.08) 6000 Sundry Debtors 4400 Bills Receivable 2900 Rent 450 Commission 250 General Expenses 800 Salaries 500 Total 29,800 Total 29,800