From the trial balance of Sumathi and the adjustments prepare the trading and profit and loss account for the year ended 31st March, 2016, and a balance sheet as on that date.
Adjustments
(a) Six months interest on loan is outstanding.
(b) Two months rent is due from tenant, the monthly rent being Rs. 25.
(c) Salary for the month of March 2016, Rs. 75 is unpaid.
(d) Stock in hand on March 31, 2016 was valued at Rs. 1,030.
