From the following Trial Balance of Rohit Sharma, prepare Trading and Profit & Loss Account for the year ending 31^st March 2016 and a Balance Sheet on the same date after making necessary adjustments :

Adjustments :
1. Closing stock was Rs. 16,000.
2. Wages Rs.2,000 and salaries Rs.1,200 are outstanding.
3. Rent for two months at the rate of Rs.500 per month is outstanding.
4. Depreciation Building by 5% and Machinery by 10%.
5. Prepaid insurance Rs. 200.

Show the effect of the following information in the Profit & loss Account and Balance Sheet, being prepared on March 31, 2014 :

Adjustments :
(i) Outstanding salaries amounted to Rs 1,000.
(ii) Prepaid rent amounted to Rs 2,000.
(iii) The value of plant and machinery be decreased by 10%.
(iv) The value of land and building be increased by 20%.
(v) Establishment expenses for Rs 700 are still to be paid.

Show the treatment of the following items in the Profit and Loss Account and Balance Sheet:

Adjustments :
(i) There was further bad debts of Rs 300.
(ii) Make a provision for doubtful debts @ 5%.
(ill) Create discount on debtors @ 2%.

A trader maintained provision for doubtful debts @ 20.% and a provision for discount 1% on debtors which on 1^st April, 2012 stood at Rs 1,500 and Rs 500 respectively. His balances on 31.03.2013 and on 31.03.2014 were as
follows:

Required: Prepare Bad Debts A/c, Provision for Doubtful Debts A/c, Discount Allowed A/c, Provision for Discount on Debtors A/c and Profit & Loss A/c.

Following is the Trial Balance extracted from the books of Aashima Mehra on 31^st March, 2016:

Adjustments :
(i) Salaries Rs 800 and Taxes Rs 550 are outstanding.
(ii) Depreciation on Building @ 5% , Furniture and Fittings @ 10% and Motor Vehicle @ 20% .
(iii) Rs 450 is due for interest on bank overdraft.
(iv) One third of the commission received is in respect of work to be done in the next year.
(v) Stock in hand on 31st March, 2016 was Rs 11,000.
(vi) Write off further Rs 300 as Bad debts and provision made further 5% on Sundry Debtors.
Prepare Trading and Profit & Loss Account for the year ending 31st March, 2016 and Balance Sheet as at that date.

The following are the balances extracted from the book of Rajan on 31st March, 2013.

Additional Information:
(i) Stock on hand on 31st March 2013 was Rs 20,060
(ii) Write off Depreciation: business premises Rs 300, Furniture and fittings Rs 250
(iii) Making a provision of 5% on Debtors for Doubtful debts.
(iv) Carry forward Rs 200 for unexpired Insurance.
(v) Outstanding salary Rs 1,500
Prepare Trading and profit & Loss Nc for the year ended March 31, 2013 and a Balance sheet as on that date.

Following are balances from the trial balance of Mukesh Traders on 31st march, 2016:

Prepare Trading and Profit & Loss Account for the year ended 31st March, 2016 and Balance Sheet as at that date after taking into account the following adjustments :
(i) Closing Stock was valued at Rs 20,000.
(ii) Insurance was prepaid Rs 1,000.
(iii) Write off Rs 2,000 as Bad debt.
(iv) Depreciation to be provided on Land and Building @ 5% p.a. and on Plant and Machinery @ 10% p.a.
(v) Create provision for doubtful debts @ 5% on debtors.
(vi) Wages include Rs 4,800 for installation of a new machinery.

Prepare a Trading and Profit and Loss Account for the year ending 31^st March, 2015 from the balances extracted from M/s Harikrishan. Also prepare a Balance Sheet at the end of the year.

Adjustments :
(i) Machinery is to be depreciated @ 10% and Patents @ 20%.
(ii) Insurance includes a premium of Rs 340 on policy expiring on 30^th September, 2015.
(iii) Salaries for the month of March 2015 amounting to Rs 3,000 were outstanding.
(iv) Further bad debts Rs 1,450. Provision for bad debts @ 5% on debtors.
(v) Rent Receivable Rs 2,000.
(vi) Closing Stock Rs 13,600.

Prepare Trading and Profit & Loss Account for the year ending 31^st March, 2015 and a Balance Sheet as on that date from the following Trial Balance:

Adjustments :
(i) Closing Stock was Rs 52,000
(ii) Rs 1,000were as bad debts and Provision for doubtful debts be created on sundry debtors @5%
(ill) Interest on capital is to be provided  @ 6%p.a.
(iv) An additional capital of Rs 20,000 introduced by proprietor on 1^st Oct., 2014.
(v) Plant & Fixtures to be depreciated by 10% p.a.
(vi) Salaries outstanding on 31st March, 2015 amounted to Rs 1,000.
(vii) Accrued Interest on investment amounted to 1,500

From the following balances for the year ended 31 March, 2014 and additional information, prepare Trading and Profit and Loss Account and Balance Sheet of Mis Ram Lal and Sons:

Additional information:
(i) Closing stock was valued as Rs 20,000
(ii) Provide depreciation on building @ 5% and on furniture @ 10%
(ill) Outstanding salaries Rs 1,000
(iv) Unexpired (prepaid) insurance Rs 50
(v) Accrued commission Rs 300
(vi) Provide for Manager's Commission at 5% on Net Profit after charging such commission.