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 5,000 -

Share Capital - 4,00,000

12% Debentures - 3,00,000

P & L account (Cr) - 26,250

call-in-arrears 7500 -

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