8 mark

(b) C maintains his books according to Single Entry System. Following figures were available from the books for the six months ended 31st December 2019. Particulars 1st July, 31st Dee 2019 2019 (RS.) (Rs.) 1,50.000 1.40,000 Plant and Machinery Debtor 65.000 00.000 Bank 31,000 Cash and Balances 25,000 Stock 40,000 45.000 Creditors 9.000 10.000 Adjustments: - He had withdrawn Rs.200 in the begining of every month for household purposes 6) Depreciation on Plant and Machinery & 10% pa Gi) Further Bad Debts Rs.5,000 and Provision for Doubtful Debts to be created 29 (iv) During the period, salaries have been prepaid by Rs.500 while wages outstanding were Rs.1,000. (w) Interest on drawings to be reckoned @ 6% pa You are required to prepare the Statement of Profit or Loss for the half year ended 31st December, 2019, followed by Revised Statement of Affairs as on that date