Pass necessary adjustment entries for the following in the books of Shri R. Banerjee at the end of accounting year on 31st March , 2019:
(i) Salary of Rs. 1,000 for March, 2019 is outstanding,
(ii) Interest accrued on investment Rs. 200,
(iii) Rent received in advance Rs. 400,
(iv) Insurance prepaid Rs. 300,
(v) Closing stock Rs. 10,000, and
(vi) Depreciate furniture by Rs. 800.

From the following information, prepare Trading Account for the year ended 31st March, 2019: Net Realisable Value (Market Value) of stock as on 31st March, 2019 was Rs 1,20,000

(Adjustment Entries). From the following information available on 31st March , 2019, pass the necessary Adjustment Entries in the Journal for the year ending on that date: (i) Interest accrued Rs. 2,500. (ii) Wages for March , 2019 outstanding Rs. 10,000. (iii) Insurance prepaid Rs. 1,500. (iv) Commission due to manager 6% on net profit after charging such commission . The profit before charging such commission was Rs. 1,06,000. (v) Interest due on loan but not paid. Loan of Rs. 1,50,000 was taken at 9% p.a. 9 months before end of the year.

From the following Trial Balance, Prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date: On 31st March, 2019 the stock was valued at Rs 1,00,000