Prepare final accounts from following trial balance as on 31st March, 2011:

Stock on 31st March, 2011 was for Rs. 89,000, salary for the month of March (Rs. 10,000) was yet to be paid. Provide depreciation on building @ 10% and make a provision for doubtful debts @ 2%.

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Capital Purchase and sales Opening stock Debtors and creditors 14% Bank loan Overdraft Salaries Particulars Advertisements Manufacturing expenses Retums Furniture Building Cash in hand Investment Bills receivables and bills payables Outstanding expenses Accrued income Tax payable. Goodwill Patents Debit Amount (Rs.) 6,05,000 72,000 90,000 2,70,000 1,10,000 60,000 40,000 4,50,000 8,90,000 5,000 45,000 23,000 3,500 55,000 23,500 27,42,000 Credit Amount (Rs.) 8,70,000 12,10,000 1,70,000 2,00,000 1,12,000 30,000 20,000 10,000 1,20,000 27,42,000