1. Ridhwan and Kareem -Trial Balance appeared as follows. Prepare Trading, profit & Loss, Capital accounts and Balance sheet for the year ended 31.12.2018.

Debit balances	Amount(OMR)	Credit balances	Amount (OMR)
CaCash at Bank	7,600	Sundry Creditors	15,000
DrDrawings a/c :		Sales	61,XXX
RRidhwan 7,000		Capital: Ridhwan	70,000
Kareem 1,000	8,000	Kareem	77,000
MaMachinery	70,000	Reserve for bad & doubtful debts	1,500
OpOpening stock	50,XXX	Return Outward	6,100
PurPurchases	40,000	Rent received	7,000
SalSales return	400
Su. Sundry Debtors	14,000
FurFurniture	20,000
Tax. Taxes	600
CarCarriage outward	3,000
Re. Rent	4,000
Pri. Printing & Stationery	1,000
Tra. Trade expenses	2,000
Po. Postage & Telegram	3,000
DisDiscount	1,000
InsI. Insurance Premium	1,000
Sal Salary &Wages	12,000
	237,600		237,600

Adjustments:

1. They shared their Profits & Losses in equal sharing ratio.
2. Rent received for 9 months up to 30-9-2018
3. The closing stock is valued at OMR 44,000
4. Salary was outstanding for November and December months at OMR 120 & 170
5. Kareem is to be allowed at 6% commission
6. Prepare a) Trading and Profit and Loss Account or Income Statement b) Profit and loss Appropriation Account c) Capital Account of partners d) Balance Sheet

add 818

xxx is 818