From the following trial balance of Chatur Singh and additional information, prepare Trading and Profit & Loss account and Balance sheet for the year ended June som
2019
Particular
Dr
Cr
100.000
Dr
1.000
20.000
150.000
120.000
6.000
200.000
5.000
4.000
Capital
Furniture
Percuses
Debtors
Interest earned
Salaries
Sales
Purchases retur
Wages
Real
Particular
Trasportation ou
Creditors
Provision for bad debts
Prating and stationery
Insurance expense
Opening stock
Office eques
Bank overdeata
Drawing
30.000
12.000
S0.000
12.000
321.000
5.000
2.000
24.000
20.000
15.000
10.000
Sales
Total
Rs. 558.000
R. 558.000
Additional Information:
1. Depreciation furniture by 10% by written down method (WDM).
2. A provision for doubtful debts is to be created to the extent of 5% on sundry debtors.
3. Salaries for the month of June, 2019 amounting to Rs. 3,000 were unpaid which must be provided for.
However, salaries included Rs. 2,000 paid in advance. Office expenses outstanding Rs. 8,000.
4. Insurance amounting to Rs. 2,000 is prepaid.
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