From the following Trial Balance, prepare a Trading and Profit Loss Account for the year ended 31st March 2012 and a Balance Sheet as on that date: The following adjustments are to be made: 1. Stock on 31-3-2012 was Rs 3,250. 2. Depreciate Building 5%, Furniture 10%and Scooter 20%. 3. One-third of the commission received is in respect of work to be done next year. Q. From the following Trial Balance 30th June, 2012 and prepare Trading and Profit & Loss A/c and Balance Sheet: Adjustments : 1. Sales include sale of Furniture on 30th June, 2012 at actual sale price of Rs 750. The Book value of furniture sold on that date was Rs 1,000. 2. Rs 2,500 paid to Ajay against our acceptance were debited by mistake to Ajay's A/c and from there it was included in the list of Sundry Debtors. 3. Depreciate furniture by 10% p.a. and Dead Stock by 30% p.a. ParticularsAmountAmountCr.(Rs)Dr.(Rs)Furniture640Scooter~6,250Building7,500Capital12,500Bad Debts125Provision for Bad Debts200Creditors&Debtors3,8002,500Opening Stock3,460Purchases&Sales5,47515,450Bank overdraft2,850Returns200125Advertising450interest118Commission375Cash650Taxes and Insurances1,250General Expenses782Salaries3,300¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯34,000––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯34,000–––––––– From the following Trial Balance 30th June, 2012 and prepare Trading and Profit & Loss A/c and Balance Sheet : Particulars(Rs)Particulars(Rs)Purchases2,10,000Sales 3,60,000Wages and Salaries16,200Bills Payable2,500Repairs and Renewals2,100Capital2,00,000Freight on Purchases4,500Returns2,000Furniture6,000Mortgage and Interest to date10,750Dead Stock8,000Bad Debts Recovered1,650Returns5,200Interest on Govt. Bonds500Bank balance7,300General Reserve6,800Sundry Debtors75,000Sundry Creditors24,000Advertisement Expenses10,000Outstanding Salaries4,400Unexpired Insurance500Miscellaneous Expenses2,570Freehold Premises1,28,100Patent Rights20,000Delivery Van50,000Audit fees4,000Agent's Commission5,780Insurance2,000Drawings8,40010%Govt. Bonds(Purchased on Oct.1,2011)10,000Mortgage Interest750Stock on 30th June, 201236,200¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯6,12,000––––––––––¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯¯6,12,000––––––––––

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