QUESTION #$3($MARKS $15)$

From the following Trial balance of Axiata group Berhad prepare a statement of Profit$/$loss for the year ended $31$st March $2023$ and balance sheet as on that after taking into account adjustment given below.

Trial balance as on $31$st March $2023$

Additional information:

a$)$ Closing stock on $31$st March $2023$ was Rs$.35,000$

b$)$ Depreciate Plant and Machinery, Loose tools and furniture by $10\%$ and Land and Buildings by $5\%.$

c$)$ Provide Rs $1,500$ for wages

d$)$ Advertisement prepaid Rs $500$

e$)$ Provide $5\%$ on debtors against bad debts and $2\%$ against discount