Following Trial Balance has been extracted form the books of Prasad on 31st March, 2019:
Channel: Doubtnut
Date: 2020-03-29

Following Trial Balance has been extracted form the books of Prasad on 31st March, 2019: Additional Information : (i) Outstanding salaries were Rs 45,000. (ii) Depreciate Machinery at 10%. (iii) Rent Prepaid Rs 10,000. (v) Provide for interest on capital @ 5% per annum. (vi) Stock on 31st March, 2019 Rs 8,00,000. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date.