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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 31st March, 2009. You are requested to prepare the Trading and Profit and Loss Account for the year ended 31st March, 2009 and Balance Sheet as on that date after making the necessary adjustments:
Particulars Debit (Rs) Credit (Rs)
Sundry debtors 5,00,000-
Sundry creditors -2,00,000
Outstanding liabilities for expenses 55,000-
Wages 1,00,000
Carriage outwards 1,10,000
Carriage inwards 50,000
General expenses 70,000
Cash discounts 20,000
Bad debts 10,000
Motor car 2,40,000
Printing & stationery 15,000
Furniture & fittings 1,10,000
Advertisement 85,000
Insurance 45,000
Sales mens commission 87,500
Postage & telegram 57,500
Salaries 1,60,000
Rates and taxes 25,000
Drawings 20,000
Capital Account -14,43,000
Purchases 15,50,000-
sales -19,87,500
Stock on 1/4/20082,50,000-
Cah at bank 60,000-
Cash in hand 10,500
Total 36,30,50036,30,500
The following adjustments are to be made:
(1) Stock on 31st March, 2009 was valued at Rs 7,25,000.
(2) A Provision for Bad and Doubtful Debts is to be created to the extent of 5 per cent on Sundry Debtors.
(3) Depreciate: Furniture and Fittings by 10% Motor Car by 20%
(4) Shri Om had withdrawn goods worth Rs 25,000 during the year.
(5) Sales include goods worth Rs 75,000 sent out to Shanti & Company on approval and remaining unsold on 31st March, 2009. The cost of the goods was Rs 50,000.
(6) The Salesmen are entitled to a Commission of 5% on total sales.
(7) Debtors include Rs 25,000 bad debts.
(8) Purchase includes purchase of furniture worth Rs 50,000

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