From the following Ledger balances of Charan, prepare. Trading and Profit and Loss Account for the year ended 31st March,2019 and balance Sheet as at that date after making the necessary adjustments, Adjustments : (i) Stock on 31st March, 2019 was Rs 14,000. (ii) Write off Rs600 as Bad Debts. (iii) Provision for Depreciation on Furniture and Fixtures at 5% p.aa and on Plant and Machinery at 20% p.a. (v) Insurance Prepaid was Rs 100. (vi) A fire occurred in the godown and stock of the value of Rs 5,000 was destroyed . It was insured and the insurance company admitted full claim.

From the following Ledger balances of Charan, prepare. Trading and Pro

1.	From the following Ledger balances of Charan, prepare. Trading and Profit and Loss Account for the year ended 31st March,2019 and balance Sheet as at that date after making the necessary adjustments, Adjustments : (i) Stock on 31st March, 2019 was Rs 14,000. (ii) Write off Rs600 as Bad Debts. (iii) Provision for Depreciation on Furniture and Fixtures at 5% p.aa and on Plant and Machinery at 20% p.a. (v) Insurance Prepaid was Rs 100. (vi) A fire occurred in the godown and stock of the value of Rs 5,000 was destroyed . It was insured and the insurance company admitted full claim.
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