Following is the Trial Balance of Mr. *. Kapur on 31st March, 2018:u200b
Taking into account the following adjustments, prepare Trading and Profit and Loss Account and Balance Sheet:
(a) Stock in Hand on 31st March, 2018 is Rs. 1,36,000.
(b) Machinery is to be depreciated @ 10% and patents @ 20%.
(c) Salaries for the month of March, 2018 amounting to Rs 30,000 were unpaid.
(d) Insurance includes a premium of Rs 1,700 for the year ending 31st March, 2019.
(e) Wages include a sum of Rs 40,000 spent on constructing a scooter shed for employees and customers.
(f) Provision for Doubtful Debts is to be created to the extent of 5% on Sundry Debtors.
