Question

From the following Trial Balance of M/s Vishal and Vaibhav, you are required to prepare

Trading and Profit and Loss Account, for the year ended 31st March, 2013 and Balance Sheet as

on that date after taking into consideration the adjustments given below:Adjustments:

(1) Closing stock was valued at Rs. 30000.

(2) Postal stamps of Rs. 250 and stationery of Rs. 400 are unused.

(3) Lease hold property is to be run for 10 years w.e.f. 1st October, 2012.

(4) Depreciate Plant and Machinery at 10% p.a.

(5) Mr. Rajan, our customer, became insolvent and could not payhis debts of Rs. 1500.​

Answer 1

Answer:

badwa sala itnaebada question