Adjustments,

1.Closing Stock was valued at Rs. 145275

2. A new machine was installed during

your costing Rs. 30800 b but it was not recorded in the books as no payment was made for it

3. Wages Rs. 2200 paid for its installation have been debited to the wages account.

4. Depreciate plant and machinery by 33-1/3%, Furniture by 10%, Freehold property by 5%

5. Loose Tools were valued at Rs 3520

6. Of the Sundry debtors Rs 1320 are bad and should be written off

7. Maintain a provision of 5% on sundry debtors for doubtfull debts

8. The manager is entitled to a commission of 10% of the net profits after charging such a commission.

From the Pollonly Fisupes extracted from te ot book SFO 7e9201097 Statement of income I expenditure. you 97. series For the year ended to prepare a 31st march 2023 5 sources of applicatio of Pints. Jafe as on that after making te necessary adjustments. ponicula Rs. 11000 capital A/C 457600 Bill Payane 26400 Opening Stock 77600 prakings 70400 Plant & mainey 198000 Kajes. 88000 Freehold pauperty 132000 ceitory, 3080 2200 00 Postage team. Purchases 3520 2200 Sn Retum 044921), 5940 26400 995 3 1, 1320 5500 Bad debts Office Cponses 5720 11000 office sent. office furnitis. 19800 2640 Front Discount A/C (DO) 58520 Loose tools. 4400 2200 88000 factory lighting 10% laan. 58520 casu at bank. pvision for day btful debts, 1760 462880 interst on loag to Krishna, 2200 sales 5280 Cash in hand,