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Create a Trading and P/L Account and also balance sheet for the above trial balance question. urgent Adjustments : (i) Stock on 31st December 2015
Create a Trading and P/L Account and also balance sheet for the above trial balance question. urgent
Adjustments : (i) Stock on 31st December 2015 Rs. 20,000. (ii) Outstanding expenses : Salaries Rs. 2,000, Wages Rs 1,000. (iii) Insurance unexpired for 3 months Rs. 300 . 1. (a) From the Trial Balance of M/S Kalita Traders, prepare Final Accounts for the year ending 31st December 2015 : 14 (iv) Provide depreciation on Land and Building @ 5%, on fumiture@10\% and on Plant and Machinery@5\%. (v) Write off Bad debt of Rs. 1,000 and create Reserve for doubtful debt @ 5% of debtorsStep by Step Solution
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