Trial Balance (As on 31" September 2019) Particulars Dr. (RM.) Cr. (RM.) Stock 6,80,000 Furniture and fixture 5,00,000 Discount allowed 40,000 Loan to directors 80,000 Bad debts 35,000 Advertisement 20,000 Purchases 23,19,000 Commission 1,20,000 Plant and machinery 8,60,000 Rent 25,000 Current account with bank 45,000 Cash In hand 8,000 Interest on bank loan 1,16,000 Preliminary expenses 10,000 Wages 9,00,000 Consumables 84,000 Freehold land 15,46,000 Tools and equipment 2,45,000 Goodwill 2,65,000 Debtors 2,87,000 Bills receivable 1,53,000 Dealer aids 21,000 Insurance premium (Marine) 30,000 Trade expenses 72,000 Distribution freight 54,000 HIMNOKWING Debenture interest 20,000 Equity Capital (Shares of RM. 10 each) 25,00,000 11% Debentures 5,00,000 Bank loan 6,45,000 Bills payable 1,25,000 Creditors 1,56,000 Sales 42,68,000 Rent received 46,000 Transfer fees 10,000 Profit & loss account 1,39,000 Accumulated depreciation-machinery 1,46,000 Total 85,35,000 85,35,000 The Closing Stock valued as on 31, September 2019 is RM. 8, 23,000. From the information, prepare the following financial statements of ABC Lid. for the year ending 30, September 2019. a. Statement of Comprehensive Income for the year ended September 30, 2019. b. Statement of Financial Position as at September 30, 2019.6. From the following balances draw up a Trading and Prot 8L Loss Account and Balance Sheet. mm- Prakash's Capital 20,000 Bank Overdraft 3m_ m Creditors Debtors Bills Receivable Purchases m_ _E_ The closing stock amounted to RM. 52,000. 7. From the understated Trial balance of M/s Rashu Brothers prepare (a) Manufacturing Account (b) Trading and Profit & Loss Account and (c) Balance Sheet. Trial Balance as on 31st December 2019 Debit balances Amount Credit balances Amount (RS.) (RS.) Wages 20,000 Sales 1,74,000 Stock (Raw Materials) 1.1.2004 5,710 Profit and Loss Balance 12,000 Purchases 88,274 1.1.2004 Carriage Inward 3,686 Capital 1,30,000 Repairs 6,000 Salaries (factory) 2,100 Salaries General 1,000 Rates and Taxes 2,240 Travelling Expenses 3,550 Insurance (Factory) 700 Insurance General 80 Bad debts 410 General Expenses 2,942 Carriage Outward 9,424 Various Assets 1,13,884 Stock (Finished goods) 1.1.2004 56,000 Total 3,16,000 Total 3,16,000 The Closing Stocks are as follows: Raw materials RM 40,000 Work-in-progress 12,000 Finished goods 6,000