Prepare a trading and profit and loss account of M/s Green Club Ltd. for the year ending March 31, 2017. from the following figures taken from his trial balance :

Adjustments
1. Depreciation charged on machinery @ 5% p.a.
2. Further bad debts Rs. 1,500, discount on debtors @ 5% and make a provision on debtors @ 6%.
3. Wages prepaid Rs. 1,000.
4. Interest on investment @ 5% p.a.
5. Closing stock Rs. 10,000.

Prepare trading and profit and loss account of M/s Sports Equipments for the year ended March 31, 2017 and balance sheet as on that date : Closing stock as on March 31, 2017 Rs. 2,500

The following balances has been extracted from the trial of M/s Runway Shine Ltd. Prepare a trading and profit and loss account and a balance sheet as on March 31, 2017. Adjustments 1. Further bad debts Rs. 1,000. Discount on debtors Rs. 500 and make a provision on debtors @ 5%. 2. Interest received on investment @ 5%. 3. Wages and interest outstanding Rs. 100 and Rs. 200 respectely. 4. Depreciation charged on motor car @ 5% p.a. 5. Closing Stock Rs. 32,500.

Prepare the trading and profit and loss account and a balance sheet of M/s Shine Ltd. from the following particulars. Adjustments 1. Closing stock was valued Rs. 35,000. 2. Depreciation charged on furniture and fixture @ 5%. 3. Further bad debts Rs. 1,000. Make a provision for bad debts @ 5% on sundry debtors. 4. Depreciation charged on motor car @ 10%. 5. Interest on drawing @ 6%. 6. Rent, rates and taxes was outstanding Rs.200. 7. Discount on debtors 2%.

Prepare a trading and profit and loss account for the year ending March 31, 2017. from the balances extracted of M/s Rahul Sons. Also prepare a balance sheet at the end of the year. Adjustments 1. Commission received in advance Rs. 1,000. 2. Rent receivable Rs. 2,000. 3. Salary outstanding Rs. 1,000 and insurance prepaid Rs. 800. 4. Further bad debts Rs. 1,000 and provision for doubtful debts @ 5% on debtors and discount on debtors @ 2%. 5. Closing stock Rs. 32,000. 6. Depreciation on building @ 6% p.a.

From the following balances extracted from the books of Raga Ltd. prepare a trading and profit and loss account for the year ended March 31, 2017 and a balance sheet as on that date. The additional information is as under : 1. Closing stock was valued at the end of the year Rs. 20,000. 2. Depreciation on plant and machinery charged at 5% and land and building at 10%. 3. Discount on debtors at 3%. 4. Make a provision at 5% on debtors for doubtful debts. 5. Salary outstanding was Rs. 100 and Wages prepaid was Rs. 40. 6. The manager is entitled a commission of 5% on net profit after charging such commission.

From the following information prepare trading and profit and loss account of M/s Indian sports house for the year ending March 31, 2017. Adjustments 1. Closing stock was Rs. 45,000. 2. Provision for doubtful debts is to be maintained @ 2% on debtors. 3. Depreciation charged on : furniture and fixture @ 5%, plant and Machinery @ 6% and motor car @ 10%. 4. A Machine of Rs. 30,000 was purchased on October 01, 2016. 5. The manager is entitle to a commission of @ 10% of the net profit after charging such commission.

Prepare the trading and profit and loss account of M/s Roni Plastic Ltd. from the following trial balance and a balance sheet as at March 31, 2017. Adjustments 1. Depreciation on land and building at @ 5% and Motor vehicle at @ 15%. 2. Interest on loan is @ 5% taken on April 01, 2016. 3. Goods costing Rs. 1,200 were sent to a customer on sale on return basis for Rs. 1,400 on March 30, 2017 and has been recorded in the books as actual sales. 4. Salaries amounting to Rs. 1,400 and Rates amounting to Rs. 800 are due. 5. The bad debts provision is to be brought up to @ 5% on sundry debtors. 6. Closing stock was Rs. 13,700. 7. Goods costing Rs. 1,000 were taken away by the proprietor for his personal use but not entry has been made in the books of account. 8. Insurance pre-paid Rs. 350. 9. Provide the manager’s commission at @ 5% on Net profit after charging such commission.

Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017. The following additional information is available : 1. Stock on March 31, 2017 was Rs. 30,000. 2. Depreciation is to be charged on building at 5% and motor van at 10%. 3. Provision for doubtful debts is to be maintained at 5% on Sundry Debtors. 4. Unexpired insurance was Rs. 600. 5. The Manager is entitled to a commissiion @ 5% on net profit after charging such commission.

From the following balances of M/s Jyoti Exports, prepare trading and profit and loss account for the year ended March 31, 2017 and balance sheet as on this date. Closing stock Rs. 10,000. 1. To provision for doubtful debts is to be maintained at 5 per cent on sundry debtors. 2. Wages amounting to Rs. 500 and salary amounting to Rs. 350 are outstanding. 3. Factory rent prepaid Rs. 100. 4. Depreciation charged on Plant and Machinery @ 5% and Building @ 10%. 5. Outstanding insurance Rs.100.

Prepare the trading and profit and loss account and balance sheet of M/s Control Device India on March 31, 2017 from the following balance as on that date. Closing stock was valued Rs. 20,000. (a) Interest on capital @ 10%. (b) Interest on drawings @ 5%. (c) Wages outstanding Rs. 50. (d) Outstanding salary Rs. 20. (e) Provide a depreciation @ 5% on plant and machinery. (f) Make a 5% provision on debtors.