From the following Trial Balance of Rajan, prepare Trading and Profit and Loss Account for the year ended 31st March , 2019 and Balance Sheet as at that date after taking into account the adjustments given below:
Adjustments:
(i) Stock at cost on 31st March, 2019 was rs 18,000. Its Net Realisable Value (market value) was rs 15,000,
(ii) Insurance of rs 400 was prepaid,
(iii) Outstanding liabilities were: Salaries rs 2,000, Taxes rs 1,300, and
(iv) Depending Building at `2%`p.a
