QUESTION NO.17 From the following balances of Ali Ahmed as on 31.12.2016, Opening stock 30,000 Machinery at cost (including - 10.000 new) 60,000 Purchases 1,10,000 Sundry Debtors 20,000 Sales 2,50,000 Bad debts 3,000 Building 55,000 Depreciation fund 25,000 Wages 23,000 Sundry Creditors 24,000 Carriage inwards 3,000 Rent rates and taxes 4,000 Bills payable 10,000 Trade expenses 4,000 Furniture 9,000 Capital : Ali 50,000 Salaries 42,000 Capital : Ahmed 40,000 Advertisement 24,000 Petty expenses 4,000 Coal and coke 2,000 Provision for bad debts 1,000 Cash at bank 14,000 Gas and water 1,200 Prepaid wages 1,000 Cash in hand 800 Depreciation fund investment 25.000 Outstanding rent 400 Bank loan 34.600 The following additional information is supplied: (a) The partners share profits and losses as Ali 275 and Ahmed 3/5. (b) Closing stock ----- 15.000. (c) Stock valued at - 10,000 was destroyed by fire but the Insurance Company admitted a claim of -8.500 only, and the claim is not yet paid. (d) Wages include - 2,000 for installation of a new machinery on 1.9.2016. (e) Depreciate machinery at 10% p.a. Prepare the Trading Account for the year ended 31.12.2016. QUESTION NO.18 Profit and Loss Account for the year ended 31.12.2016. QUESTION NO.19 Prepare the Balance Sheet as at 31.12.2016 by using the above data