Book Keeping & Accountancy Do as instructed

From the following Trial Balance of Kisan Traders prepare Trading Account, Profit & Loss Account
for the year ended on 31st, March 2019. and Balance Sheet as on that date.

Adjustments :
1) Closing Stock is valued at ₹ 2,80,000
2) Wages unpaid ₹ 30,000, Indirect Expenses outstanding ₹ 22,000.
3) Machinery includes ₹ 40,000 for the purchase of a new Machinery on 1st Oct, 2018 depreciate
Plant and Machinery at 10% p.a. and Computers & Printers at 10%. p.a.
4) Reserve for doubtful debts is to be maintained at 5%.
5) Insurance Premium is paid for one year up to 30th June, 2019.
6) Travelling expenses include ₹ 10,000 for personal travelling expenses of owner

From the following Trial Balance and information given to you, prepare Trading Account, Profit &
Loss Account & Balance Sheet as on 31st March, 2018 in the books of M/s Abhay.

Adjustments :
1) Closing Stock cost price ₹ 37,000 and Market price ₹ 40,000
2) Provide for R.D.D. @ 5% on Sundry Debtors.
3) Outstanding expenses - Wages - ₹ 3,000, Salary - ₹ 3,600
4) Provide depreciation on Machinery @ 10% and Furniture 5%.
5) Allowed Interest on Capital 5% p.a.
6) Prepaid Insurance ₹ 2,000

From the following Trial Balance of Omkar you are required to prepare Trading Account and Profit
and Loss Account for the year ending on 31st March 2018 and Balance Sheet as on that date.

Adjustments :
1) Closing Stock valued at ₹. 42,000.
2) Write off ₹ 1,200 Bad Debts and create a provision for bad & doubtful debts at 2% on debtors.
3) Outstanding expenses - Legal Expenses ₹ 750 and Wages ₹ 225
4) Charge depreciation on Office Euipments 2.5% and Machinery 5%.
5) Prepaid - Insurance ₹ 900

From the following Trial Balance of Khandwala Enterprises prepare Final Accounts.

Adjustments :
1) Closing Stock ₹17,250
2) Rent of ₹ 4,000 has been prepaid
3) Provide 2% reserve for Bad Debts on Debtors. It was realised that our Debtor worth ₹ 1,000
proved to be bad and has to be written off.
4) Write off Depreciation @ 7.5% on Machinery and 15% on Furniture.
5) Create discount on Creditors @ 3%

From the following Tiall Balance of Reena Enterprises you are require to prepare Trading Account, Profit & Loss Account for the year ending on 31st March, 2018 and Balance Sheet as on that date
Adjustments :
1) Write off Bad debts ` 2,000 and Provide 2.5% reserve for bad debts on debtors.
2) Closing stock valued at Cost Price ` 46,000 and Market price ` 40,000
3) Provide Depreciation @ 5% on Building and 10% on Machinery.
4) Rent prepaid ` 3,560
5) Outstanding Carriage Inward is ` 1,200

From the following Trial Balance of Mangesh Traders you are required to prepare Final Accounts

1) Closing Stock on 31st March, 2018 was valued at cost price ₹ 19,000, Market price ₹ 20,000
2) Office Salaries outstanding ₹ 1,000
3) Prepaid Wages ₹1,000
4) Provide depreciation @ 5%, 10% and 15% on Office Equipments, Motor Van and Plant and
Machinery respectively.

From the following Trial Balance of Bharadwaj & Sons prepare Trading and Profit & Loss Account
for the year ended and Balance Sheet as on 31st March, 2019.

From the following Trial balance of Raju & Sons, you are required to prepare Trading Account and Profit & Loss A/c for the year ended 31st March, 2018.

Adjustment : 1) Closing stock Rs. 56,850