From the following Trial Balance of Shubdo Banerjee, prepare final accounts for the year ended in 31st March, 2018 and Balance Sheet as at that date:
The following adjustments be taken care of:
(i) Depreciate Land and Building @ 6%, Plant and Machinery @ 10%, Office equipments @ 20% and Furniture and Fixtures @ 15%.
(ii) Calculate Provision for Doubtful Debts at 2% on Debtors.
(iii) Insurance premium includes Rs. 250 paid in advance.
(iv) Provide salary to Banerjee Rs. 15,000 p.a.
(v) Outstanding Salaries Rs. 11,500.
(vi) 10% of the final profit is to be transferred to General Reserve.
