Following Trial Balance has been extracted from the books of M/*. Ram Prasad & Sons on 31st March, 2018:
Additional Information:
(i) Outstanding salaries were Rs. 45,000.
(ii) Depreciate Machinery at 10%.
(iii) Wages outstanding were Rs. 5,000.
(iv) Rent prepaid Rs. 10,000.
(v) Provide for interest on capital 5% per annum.
(vi) Stock on 31st March, 2018 Rs. 8,00,000.
Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date.
