Following is the Trial Balance of Sanjeev as at 31st March, 2019: You are required to prepare Trading and Profit and Loss Account for the year ending 31st March, 2019 and Balance Sheet as on that date, after considering the following adjustments: (i) Stock at cost on 31st March, 2019 is Rs 13,600. (ii) Mechinery is to be depreciated @10% and patents @20% . (iii) Salaries for the month of March, 2019 of Rs 3,000 were unpaid. (iv) Insurance included a premium of Rs 170 for next year. (v) Wages include Rs 4,000, spent on constructing a shed for employees and visitors. (vi) Provision for Doubtful Debts is to be created to the extent of 5% on Sundry debtors.

Following is the Trial Balance of Sanjeev as at 31st March, 2019: Yo

1.	Following is the Trial Balance of Sanjeev as at 31st March, 2019: You are required to prepare Trading and Profit and Loss Account for the year ending 31st March, 2019 and Balance Sheet as on that date, after considering the following adjustments: (i) Stock at cost on 31st March, 2019 is Rs 13,600. (ii) Mechinery is to be depreciated @10% and patents @20% . (iii) Salaries for the month of March, 2019 of Rs 3,000 were unpaid. (iv) Insurance included a premium of Rs 170 for next year. (v) Wages include Rs 4,000, spent on constructing a shed for employees and visitors. (vi) Provision for Doubtful Debts is to be created to the extent of 5% on Sundry debtors.
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