b37 Illustration 8: On 31st March, 2017 the following Trial Balance was prepared from the books of Aditya. Particulars Dr. Cr. Sundry Debtors 30,600 Sundry Creditors 10,000 Bills Receivable 5,000 Plant and Machinery 75,000 Purchases 1,90,000 Capital Account 70,000 Freehold Premises 50,000 Salaries 21,000 Wages 24,400 Postage and Stationery 1,750 Carriage in 1,750 Carriage out 1,000 Bad Debts 950 Bad Debts Provision 350 Office General Charges 1,500 Cash at Bank 5,300 Cash in Hand Bills Payable 7,000 Rserve 20,000 Sales 3,31,700 Closing Stock 30,000 4,39,050 4,39,050 The Following adjustments are required a) Aditya gets a salary of 12,000 per annum. b) Allow 10% interest on Capital c) Bad Debts Provision to be adjusted to 2%% on Sundry Debtor d) 10% of the net profit is to be credited to the Reserve. e) It was discovered in April, 2016 that stock sheets as on 31st March, 2016 were overcast by 1,000. However, no entry was passed in April, 2016. f) Depreciate Plant and Machinery @ 10%p.a. and Frechold Premises @ 2%p.a. Prepare final accounts. 800