Reference no: EM13527710

Prepare Trading and Profit and Loss Account and Balance Sheet from the following particulars as on Mar 31, 2009.

Trial Balance

Further, you are required to take into account the following information:

1. Salary Rs 200 and taxes Rs 800 are outstanding but insurance Rs 100 pre-paid
2. Commission Rs 200 is received in advance for work to be done next year
3. Provision for doubtful debts is to be maintained at 20%
4. Depreciation on furniture is to be charged @ 10% p.a.
5. Interest accrued on investments Rs 420
6. Stock as on Mar 31, 2009 is valued at Rs 9,000
7. A fire accrued on Mar 1, 2009 in the godown which destroyed the goods worth Rs 8,000, and insurance claim was received for Rs 6,000
8. Provide for employer's share of P.F. equivalent to employee's share to P.F.