Refer to the case of Kanika and Gaurav Management Consultants given in the exercises in the last chapter. Gaurav and Kanika now want to know as to where their firm stands after one month of running. Help them. Towards this purpose comply with the following requirements.
Requirements:
1. Analysis of the trial balance as already prepared.
2. Identification of the adjustments needed. Compute depreciation at the rates specified as under:

3. Construction of the balance sheet.
4. Construction of the profit and loss account.
5. Brief analysis of the financial statements.

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Car Computers As per Shahrukh Khanna and Sons 60% PA