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The following is the Trial Balance of Shri Om , as on 3 1 st March, 2 0 0 9 . You are requested to
The following is the Trial Balance of Shri Om as on st March, You are requested to prepare the Trading and Profit and Loss Account for the year ended st March, and Balance Sheet as on that date after making the necessary adjustments:
Particulars Debit Rs Credit Rs
Sundry debtors
Sundry creditors
Outstanding liabilities for expenses
Wages
Carriage outwards
Carriage inwards
General expenses
Cash discounts
Bad debts
Motor car
Printing & stationery
Furniture & fittings
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Insurance
Sales mens commission
Postage & telegram
Salaries
Rates and taxes
Drawings
Capital Account
Purchases
sales
Stock on
Cah at bank
Cash in hand
Total
The following adjustments are to be made:
Stock on st March, was valued at Rs
A Provision for Bad and Doubtful Debts is to be created to the extent of per cent on Sundry Debtors.
Depreciate: Furniture and Fittings by Motor Car by
Shri Om had withdrawn goods worth Rs during the year.
Sales include goods worth Rs sent out to Shanti & Company on approval and remaining unsold on st March, The cost of the goods was Rs
The Salesmen are entitled to a Commission of on total sales.
Debtors include Rs bad debts.
Purchase includes purchase of furniture worth Rs
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