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Please answer Quickly. Question is attached in the attachment. All the details are provided in the question. Question is complete 3. The following is the

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3. The following is the trial balance of Sun Lid. as at March 31, 2020: Debit Balances Amount (Rs.) Credit Balances Amount (Rs.) Inventories (1-4-2019) 7,50,000 Purchases Returns 1,00,000 Purchases 24,50,000 Sales 34,00,000 Wages 3,00,000 Discount Received 30,000 Carriage 10,000 Surplus Account (1-4-2019) 1,50,000 Furniture 1,70,000 Share Capital (Rs. 10 each) 10,00,000 Salaries 75,000 Creditors 1,75,000 Rent 40,000 General Reserve 1,55,000 General Expense 70,000 Bills Payable 70,000 Debtors 3,75,000 Computers 2,90,000 Cash and Bank Balance 3,62,000 Patents 48,000 Bills Receivable 50,000 Dividend Paid (2018-19) 90,000 including Corporate Dividend Tax Total 50,80,000 Total 50,80,000 Additional Information: (i) Inventories on March 31, 2020 were Rs. 8,80,000. (ii) Provide for income tax @ 40%. (ii) Depreciate computers at 15%, furniture at 10% and patents at 5%. (iv) Outstanding rent amounts to Rs. 10,000 and outstanding salaries Rs. 10,000. (v) Provide Rs. 2,100 for doubtful debts. (vi) The directors proposed a dividend @15% for the year ended March 31, 2020 after 5% transfer of profits to general reserve. (vii) Provide for corporate dividend tax at 20.36% (vili) A claim of Rs. 10,000 for workmen's compensation is being disputed by the company. Prepare profit and loss statement for the year ended March 31, 2020 and balance sheet as on that date as per Schedule III of Companies Act 2013

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