Following is the Trial Balance of Shri Bansi Lal as on 31st March, 2018. You are required to prepare Final Accounts:
Following adjustments are to be made:
(a) Stock on 31st March, 2018 was valued at Rs. 68,000.
(b) Provision for Doubtful Debts is to be created to the extent of 5% on Debtors.
(c) Depreciate Machinery by 10% and Patents by 20%.
(d) Wages include a sum of Rs. 20,000 spent on the **** of a cycle shed for employees and customers.
(e) Salaries for the month of March, 2018 amounted to Rs. 15,000 were unpaid.
(f) Insurance includes a premium of Rs. 1,700 on a policy expiring on 30th September, 2018.
