3. From the following Trial Balance of Mr. Paresh and Mr. Arun. You are required to prepare Trading and Profit and Loss Account and Balance Sheet as on the date:
Trial Balance as on \( 31^{\text {st }} \) March, 2019
Adjustments:
(1) Stock on hand on 31st March, 2019 was Cost Price Rs. 40,000 and Market price Rs. 35,000. TC, \( t \)
(2) Interest on Fixed Deposit Rs. 1,200 is still receivable. Add to lucome. A
(3) Provide R.D.D. at \( 2.5 \% \) on Sundry Debtors. format, Less trom Dettox
(4) Depreciate Furniture by \( 5 \% \). Less from fsset, \( P_{n} L \) Dr.
(5) Goods of Rs. 8,000 destroyed by fire and insurance company admitted a claim of 6,000 only. TC. A, PD
(6) Prepaid Advertisement [2 years] for \( \{20000 \) Less from Adverbsement, A.
