Question: PLEASE ANSWER FAST!! WILL UPVOTE FOR CORRECT AND FAST ANSWERS! 15. From the following Trial Balance of Thiru. Rehman as on 31st March 1995. Prepare

PLEASE ANSWER FAST!!

PLEASE ANSWER FAST!! WILL UPVOTE FOR CORRECT AND FAST ANSWERS! 15. From

the following Trial Balance of Thiru. Rehman as on 31st March 1995.

WILL UPVOTE FOR CORRECT AND FAST ANSWERS!

15. From the following Trial Balance of Thiru. Rehman as on 31st March 1995. Prepare Trading and Profit and Loss Account and Balance Sheet taking into account the adjustments. Debit Balance Rs. Credit Balance Rs. Land & Buildings 42,000 Capital 62,000 Machinery 20,000 Sales 98,780 Patents 7,500 Return outwards 500 Stock 1-4-94 5,760 Sundry creditors 6,300 Sundry debtors 14,500 Bills payable 9,000 Debit Balance Rs. Credit Balance Rs. Purchases 40,675 Cash in hand 540 Cash at bank 2,630 Return inwards 680 Wages 8,480 Fuel & power 4,730 3,200 Carriage on sales Carriage on purchases 2,040 Salaries 15,000 General expenses 3,000 Insurance 600 Drawings 5,245 1,76,580 1,76,580 Adjustments : (a) Stock on 31-3-1995 was Rs.6,800 (b) Salary outstanding Rs.1500 (c) Insurance prepaid Rs.150 (d) Depreciate machinery @10% and patents @20% (e) Create a provision of 2% on debtors for bad debts

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