Question

After making adjustments in respect of the following, prepare Trading and Profit & Loss Account for the
ending 31-3-2016 and Balance Sheet of that date : Stock on 31-3-2016 was valued at 15,720. (i)
interest on capital at 5% p.a. (ii) Dhanpat Ram's son participates in management and is given a me
monthly
of 250 which amount has been included in the drawings. (iv) Make provision for bad debts at 5% on
Croditors (y) Write-off depreciation at 4% on bui
Debtors and for discounts at 70. on Noh
11​

Answer 1

Answer:

1 part is the right answer