prepare Trading and P/L Account and Balance sheet for the above question

(a) The Trial Balance of M/s. Agarwala Commercial as on 31st March, 2015 was as follows : 14 Prepare Trading, Profit and loss Account and Balance Sheet for the year ended 31st March 2015 after taking into consideration the following : (i) Stock as on 31st March 2015 was Rs. 20,000 (ii) Unexpired Insurance to the extent Rs. 500 (iii) Depreciate Land \& Building by 10% and Plant \& Machinery by 5% (iv) Outstanding Salary Rs. 2,000 (v) Write off Rs. 400 as Bad debt and Create 10% Provision for bad \& doubtful. Or (b) (i) Explain the Accounting concepts that are useful for a particular business firm. (ii) Ristinguish Financial Accounting with Management Accounting. 7 7 (a) (i) What do you mean by depreciation