The following balances have been extracted from the books of M/* Green House for . the year ended December 31, 2005, prepare trading and profit and loss account and balance sheet as on this date.
Adjustments:
(a) Machinery is depreciated at 10% and buildings depreciated at 6%.
(b) Interest on capital @ 4%.
(c) Outstanding wages Rs. 50.
(d) Closing stock Rs. 50,000.
