. A Ltd. was registered with an Authorized capital of Rs. 6, 00,000 in equity shares of Rs. 10 each. The following is its Trial Balance on 31 December 2018.

Goodwill 25,000 -

cash 750 -

bank 39,900 -

purchases 1,85,000 -

preliminary expenses 5000 -

share capital - 4,00,000

12% debentures - 3,00,000

P&L account (Cr) - 26,250

calls-in-arrears 7,500 -

premises 3,00,000 -

plant and machinery 3,30,000 -

interim dividend 39,250 -

sales - 4,15,000

stock 1.1.2018 75,000 -

furniture and fixture 7,200 -

sundry debtors 87,000 -

wages 84,865 -

general expenses 6,835 -

freight & carriage 13,115 -

salaries 14,500 -

director fee 5,725 -

bad debts 2,110 -

debenture interest paid 18,000 -

bill payable - 37,000

sundry creditors - 40,000

general reserve - 25,000

provision for bad debts - 3,500

12,46,750 12,46,750

Prepare Profit & Loss Account, Profit & Loss Appropriation A/c and Balance Sheet in proper form after making the following adjustments:

1. Depreciate plant and machinery by 15%

2. Write off Rs.500 from preliminary expenses

3. Provide for 6 months interest on debentures

4. Leave bad and doubtful debts provision at 5% on sundry debtors

5. Provide for income tax at 50%

6. Stock on 31.12.2018 was Rs. 95,000