Originally Posted by haadiya

SECTION-A
Q.2. The following information is available:
Trial Balance as at December 31, 2012.
Particulars Debit Rs. Credit Rs.
Capital 6400,000
Drawings 1813800
Good Will 3618200
Land & Building 2400000
Plant & Machinery 1600000
Loose Tools 120000
Bill Receivables 145800
Bill Payable 1352000
Creditors 3068840
Purchase Return 106000
Sales 8720000
Stock 1st Jan 2011 1677800
Purchases 2050800
Wages 858000
Carriage outward 22160
Carriage Inward 55000
Coal & gases 234160
Salaries 1414560
Rent, Rates & Taxes 113000
Discount 60520
Cash at Bank 1016840
Cash in Hand 18600
Sundry Debtors 1800000
Repairs & maintenance 74600
Printing & stationery 20600
Bad Debts 48520
Advertisement 140840
Sales Returns 85000
Furniture 48000
General Expenses 210040
19646840 19646840

The following adjustments are to be made :
Closing stock as on December 31,2011 was Rs 1400000
Depreciation is to be provided on the following assets :
----plant & machinery 10%
----loose tools 10%
----furniture 10%
----land & building 2.5%
Provide for the following payables :
----Wages –Rs 60000
----Advertisement – Rs 20000
----Salaries – Rs 120000
----Repair & maintenance – Rs 15000
Provide 5% on the debtors against bad debts and 2%against discounts.
Required: - Provide Trading, Profit & Loss Account a Balance sheet as at December 31, 2011 from to the above data.