Question is Attached

Bad debts 1875 O Office Expenses 9375 0 Salaries of works manager 15000 O Cash at bank 10250 0 592500 592500 The following additional information is to be taken into consideration: Closing Stock: Finished Goods 62500 Raw Materials 37500 Work in Progress 31250 Outstanding Liabilities: 0 Wages 6250 Office Salaries 7500 Office Rent 2500 Partnership Salary: 0 X 7500 Y 3750 Insurance Premium paid in advance 625 Provision for bad debts to be created @ 2.5% on debtors 0 Depreciate Land and Buildings by 2.5% and Plant and Machinery by 5%. 0 The loan account of Y was raised in the books before the beginning of the year.The following is the trail Balance of X and Y Co. as on March 31, 2021. The partners sharing profits and losses in the ratio 2:1. Prepare the Income Statement, Profit & Loss Appropriation A/c, Partners' Capital A/c and the Balance Sheet. Particulars Dr. Particulars Cr. Land and Buildings 187500 X Capital A/c 62500 Plant and Machinery 56250 Y Capital A/c 37500 Wages 25000 Sundry creditors 31250 Opening Stock of Finished Goods 50000 Sales (net) 406250 Opening Stock of Raw material 25000 Discount 3125 Opening Stock of Work in Progress 22500 Provision for bad debts 1875 Sundry debtors 62500 Commission 12500 Carriage inwards 1875 Y's Loan A/c 37500 Carriage outwards 1125 0 Factory Expenses 9375 0 Royalties 1875 0 Purchase of Raw material (net) 93750 0 Factory rent & taxes 8125 Discount 3625 Office rent 5000 ooo OOO Insurance 2500 Bad debts 1875 Office Expenses 9375 8321d017-15fb-46..jpq 2337ee62-8d23-4e....ip