Q2) From the following Trial Balance of Peoples Co-operative Credit Society Ltd. as on 31 March...

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Q2) From the following Trial Balance of Peoples Co-operative Credit Society Ltd. as on 31 March 2022 and other adjustments prepare Profit and Loss Account for the year ended 31 March 2022 and a Balance Sheet as on that date. [20] Trial Balance as on 31 March 2022 Particulars Cash in Hand Debit Amount Credit Amount 170 Cash at Bank 1300 Fixed Deposit 15000 Furniture 1200 Interest on Deposits 8000 Outstanding Interest on Loans 800 Salary 3000 Establishment Charges 200 Printing and Stationery 150 Travelling Expenses of Staff Insurance charges 200 150 Contribution to Staff provident Fund 200 Loan due from Members 300000 [5801]-602 Share Capital Reserve Fund Members Deposit 3 70000 10000 210875 Unpaid Dividend 1010 Dividend Equalisation Reserve 1000 Staff Provident Fund 2000 Profit and Loss Appropriation Account (Balance as on 01/04/2020) 1000 Profits for the year 2020-2021 16000 Interest 17000 Commission 1000 Share Transfer Fees 200 Co-Operative Development Fund 200 Education Fund Total Other Adjustments: 85 330370 330370 a) Interest due to Members Deposit was Rs.500. b) Interest accrued due but not received was Rs.200. c) Additions to fumiture during the year amounted to Rs. 100. Provide depreciation @ 10% p.a. on closing balance. d) Salary outstanding and prepaid amounted to Rs.30 and Rs.50 respectively. c) Audit fees due but not paid for the year amounted to Rs.300. f) Authorised Share Capital of the society was 10000 shares of Rs.10 each. g) It was proposed the following appropriations for the year 2020-2021. i) Dividend to the shareholders @5% on Share Capital. ii) 25% to Reserve Fund. iii) Additions to Dividend Equalisation Reserve Rs.500. iv) Additions to Buildings Fund Rs.1000. Q2) From the following Trial Balance of Peoples Co-operative Credit Society Ltd. as on 31 March 2022 and other adjustments prepare Profit and Loss Account for the year ended 31 March 2022 and a Balance Sheet as on that date. [20] Trial Balance as on 31 March 2022 Particulars Cash in Hand Debit Amount Credit Amount 170 Cash at Bank 1300 Fixed Deposit 15000 Furniture 1200 Interest on Deposits 8000 Outstanding Interest on Loans 800 Salary 3000 Establishment Charges 200 Printing and Stationery 150 Travelling Expenses of Staff Insurance charges 200 150 Contribution to Staff provident Fund 200 Loan due from Members 300000 [5801]-602 Share Capital Reserve Fund Members Deposit 3 70000 10000 210875 Unpaid Dividend 1010 Dividend Equalisation Reserve 1000 Staff Provident Fund 2000 Profit and Loss Appropriation Account (Balance as on 01/04/2020) 1000 Profits for the year 2020-2021 16000 Interest 17000 Commission 1000 Share Transfer Fees 200 Co-Operative Development Fund 200 Education Fund Total Other Adjustments: 85 330370 330370 a) Interest due to Members Deposit was Rs.500. b) Interest accrued due but not received was Rs.200. c) Additions to fumiture during the year amounted to Rs. 100. Provide depreciation @ 10% p.a. on closing balance. d) Salary outstanding and prepaid amounted to Rs.30 and Rs.50 respectively. c) Audit fees due but not paid for the year amounted to Rs.300. f) Authorised Share Capital of the society was 10000 shares of Rs.10 each. g) It was proposed the following appropriations for the year 2020-2021. i) Dividend to the shareholders @5% on Share Capital. ii) 25% to Reserve Fund. iii) Additions to Dividend Equalisation Reserve Rs.500. iv) Additions to Buildings Fund Rs.1000.