The following balances were extracted from the books of Gorman on $31$st December, $2022.$

Additional Information:

Inventory at $31$ December $2022$ valued at $Rs\mathrm{.}15,000$

Salaries and Wages amounting to Rs$.5,000$ were accrued.

Life insurance premium is an annual payment made on $1$ June $2022.$

Commission Income for the three months ended $31$ March $2023$ amounts to Rs$.500.$

Goods purchased during the year worth Rs$.6,000$ were withdrawn by the owner for personal use.

Note receivable is a $5-$month $10\%$ interest bearing note maturing on $1$ Feb $2023.$

PRACTICE QUESTION

Allowance for doubtful debts is to be adjusted to $5\%$ of the receivables at $31$ Dec $2022.$

B$)$ On $1$ December $2022,$ a motorvehicle costing Rs$.5000,$ was purchased. No entry was made to record

the same.

Typewriters to be depreciated at $15\%$ Reducing Balance Method and Motor vehicles are depreciated

at $10\%$ Straight line method.

Required:

a$)$ Prepare adjusting entries

b$)$ Prepare adjusted trail balance

c$)$ Prepare statement of comprehensive income for the year ended $31$ December $2022.$

d$)$ Statement of financial position as at $31$ December $2022.$