Following is the Trial Balance of Mr. Bharat on 31st March, 2018.
Following adjustments are to be made:
(a) Stock on 31st March, 2018 – Rs. 52,000.
(b) Three months factory lighting and heating due but not paid – Rs. 300.
(c) 5% depreciation to be written on furniture.
(d) Write further Bad Debts – Rs. 700.
(e) Provision for Doubtful Debts to be increased to Rs. 3,000 and Provision of Discount on Debtors @ 2% to be made.
(f) During the year, machinery was purchased for Rs. 20,000 but it was debtied to the Purchases Account.
You are required to prepare Trading Account, Profit and Loss Account and Balance Sheet.
