98.766 900 8250 6300 9.000 Stock on 31st March, 2019 bad debts at 10% on debtors, outstanding wages 27. The following are the balances of M/s Gupta & Co. as on 31st March, 2018 Dr. 540 Sales Cash in hand 2,630 Returns outwards Cash at bank Purchases account 40,675 Capital account Retums inwards 680 Sundry creditors Wages account 8,480 Rent Fuel and power 4,730 Carriage on sales 3,200 Carriage on purchases 2,040 Stock (1.4.2017) 5,760 Buildings account 32,000 Freehold land 10,000 Machinery 20,000 Patents 7,500 15,000 3,000 600 5,245 Sundry debtors 14,500 1,76,580 29. Salaries General expenses Insurance Drawings 1,76.580 Prepare trading and profit and loss account and a balance sheet as on 31st March, 2010 after taking into account the following adjustments : (1) Stock on hand 31st March, 2018 is 6,800. Plant and machinery is to be depreciated at 10% and patents at 20%. (iii) Salaries for the month of March, 2018 amounting to 1,500 were unpaid. (iv) Insurance includes a premium of 170 on a policy expiring on 30th Sept, 2018. (v) Further bad debts are 725. (vi) Rent receivable 1,000. niin nd his