OR st July, (15) Q.5: The following Trial Balance was extracted from the books of M/s. ICICI Pvt. Ltd. which had taken over business of Mr. Nirav on 1st April, 2017. The company was incorporated on 1st. 2017. However, no effect of conversion was given in the books which continued thereafter. Trial Balance as on 31st March, 2018 Particulars Capital Account of Mr. Nirav on 1.4.2017 Debtors Creditors Rent Office Salary Carriage Outward Directors Remuneration Travelling Expenses Preliminary Expenses Administrative Expenses Bills Receivable Bills Payable Cash at Bank Plant and Machinery Land and Building Furniture Stock Gross Profit ... tros, leugha ood tatt no mased tate no as consis.. Dr. (3) 80,000 33,000 1,10,000 54,000 16,000 28,500 15,000 1,60,000 30,000 60,000 2,00,000 5,00,000 40,000 1,90,000 Cr. (3) 9,00,000 1,00,000 21,500 4,95,000 15,16,500 15,16,500 Further information : icis ahobne 000 1. Gross profit percentage is fixed. Turnover is doubled in April, November and December as c