Dee Ltd presents the following trial balance for the year ending March 31, 2010. Prepare final accounts.

Adjustments 

Depreciate machinery by 10%; write off further bad debts ₹500 reserve 2% for doubtful debts on debtors and 2% for discount on creditors; goods costing  ₹3,000 were destroyed by fire and insurance company admitted the claim for only  ₹2,000; insurance premium at the rate of  ₹2,500 per annum is prepaid for six months; transfer  ₹10,000 to general reserve. No provision for tax is required as company is in backward area. Closing stock for the year was  ₹50,000.

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Dr. Particulars Stock Purchases Production wages Discount Salaries Rent Insurance Dividend paid (2009) Interim dividend Accounts receivables (debtors) Machinery Cash and bank balance Loan to Directors Bad debts Trial Balance as on March 31, 2010 Amount 75,000 2,45,000 50,000 7,000 7,500 4,950 17,050 5,000 4,000 37,500 29,000 16,200 3,250 1,580 5,03,030 Particulars Sales Commission received Profit and loss a/c (1-4-09) Capital 10,000 equity shares of *10.- each fully paid Accounts payables (creditors) General reserve Amount 3,50,000 5,000 15,030 1,00,000 17,500 15,500 5,03,030 Cr.