6. From the following Trial Balance of Shreyas and Mrunal and adjustments you are required to prepare Troding and Profit and Loss Account for the year ended 31 st March, 2019 and Balance Sheet as on that date:
Trial Balance as on 31" March, 2019 Particulars
\begin{tabular}{|l|r|r|}
\hline \multicolumn{1}{|c|}{ Particulars } & Debit ₹ & Credit₹ \\
\hline Capital Accounts: & & \\
\( \quad \) Sheyas & & 35,000 \\
\( \quad \) Mrunal & 37,800 & \\
Purchases & & 66,700 \\
Sales & 8,000 & \\
Bills Receivable & & 6,500 \\
Bills Payable & 2,400 & \\
Commission & 6,000 & \\
Salaries & 9,000 & \\
Insurance (9 months) & 3,000 & \\
Prepaid Rent & & 48,900 \\
Sundry Creditors & 25,000 & \\
Sundry Debtors & 1,700 & \\
Postage & 17,300 & \\
Freehold Premises & 20,000 & \\
Furniture & 500 & \\
Bad debts & 4,500 & \\
Cash in Hand & 16,000 & \\
Cash at Bank & 800 & \\
Carriage Inward & 1,700 & \\
Carriage Outward & 22,500 & \\
Stock (1/4/2018) & 1,200 & 1800 \\
Returns & 3,100 & \\
Wages & & \\
Outstanding Wages & 1600,500 & 1,500 \\
\hline & & \\
\hline
\end{tabular}
Adjustments :
(1) Closing Stock ₹ \( 30.000 \)
(2) Outstanding Expenses - Salary ₹ 1200 and Commission ₹ 400 .
(3) Depreciate Furniture @10\%
(4) Provide for further Bad debts \( i ₹ 1200 \).
(5) Goods of \( ₹ 5000 \) destroyed by fire and insurance company admited a claim of ₹ 2000 only.
(6) Stheyas and Mrunal are sharing profits and losses in the ratio \( 2: 1 \)
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