In the following Trading and Profit and Loss Account for the year ended 31^st March, 2017 and Balance Sheet as on that date, determine the missing information:

Following Trial Balance is extracted from the books of a merchant as at 31st March, 2018

The following adjustments are to be made:
(i) Stock in Hand on 31st March, 2018 was Rs.3,25,000.
(ii) Depreciate Building @ 5% Furniture and Fittings @ 10% and Motor Vehicles @ 2018.
(iii) Rs.8,500 is due for interest on Bank Loan.
(iv) Salaries Rs.30,000 and taxes Rs.12,000 are outstanding.
(v) Insurance amounted to Rs.10,000 is prepaid. CGST and SGST is paid @ 6% each.
(vi) One-third of the commission received is in respect of work to be done next year IGST is charged @ 12%.
(vii) Write off further Rs.10,000 as Bad Debts and Provision for Doubtful Debts is to be made equal to 5% on Sundry Debtors.
Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at the date.

The following balances appeared in the trial balance of M/s Kapil Traders as on March 31, 2014 :

The partners of the firm agreed to records the following adjustments in the books of the Firm: Further bad debts 300. Maintain provision for bad debts 10%.
Show the following adjustments in the bad debts account, provision account, debtors account, profit and loss account and balance sheet.

Prepare Trading and Profit and Loss Account and Balance Sheet from the following Trial Balance and information as on 31^st December, 2016 :

Adjustments :
(i) Closing Stock was valued at Rs 15,000.
(ii) Depreciation on Machinery @ 10% p.a.
(iii) Make a provision @ 5 %for Doubtful Debts.
(iv) Provide \(2\frac { 1 }{ 2 } \)% discount on debtors.
(v) Prepaid insurance Rs 1,200
(vi) Outstanding salaries Rs 11,800.

Prepare the bad debts account, provision for account, profit and loss account and balance sheet from the following information as on March 31, 2014.

Adjustments :
Bad debts 500 Provision on debtors @ 3%.

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

On 1^st January, 2012 Mis Kanti Bros. had a bad debts provision of Rs 1,650. On 31^st December, 2012 the total debtors amounted to Rs 28,400 out of which Rs 400 were bad and had to be written off. The firm wants to maintain the Bad debts provision of 5 per cent on the debtors.
On 31^st December, 2013 total debtors amounted to Rs 20,500 out of which Rs 500 had to be written off as bad debts. The provision is to be maintained at 5% of the debtors. Show the bad debts account and the bad debts provision account for 2012 and 2013.

Show the treatment of following information in the Profit & Loss Account and Balance Sheet as on March 31,2014.

Show the following items in Profit & Loss Account and Balance Sheet.

Adjustments :
1. Further Bad Debts amounted of Rs 1,000.
2. Create a provision for doubtful debts on Sundry Debtors @ 5%.
3. Make a provision of discount on Sundry Debtors @ 2% .
You are also required to pass Journal Entries for the above transactions.

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.