9 Prepare the statements of Financial performance and Position OMR (Debit) Particulars Cash Wages Returns outwards Bad debts Salaries Octroi Charity Machinery Provision for depreciation on machinery Debtors Stock Purchases Repairs Interest on loan Sales tax Insurance Rent sales Loan Discount received Purchases returns Capital Total 20,000 45,050 4,800 4,620 16,000 1,000 500 34,000 60,000 81,600 260,590 3,350 1,200 1,600 2,000 4,000 540,310 OMR (Credit) 2,000 361,000 40,000 1,060 640 60,610 75,000 540,310 Adjustment: - Provide 5% depreciation on furniture on the straight line method salaries unpaid OMR 1,600 closing stock OMR 81,850 Create a provision of 5% on debtors - Insurance prepaid OMR 600 - Depreciate machinery at 15% on the written down value method