3. You are asked to prepare Trading and Profit and Loss Account and Balance Sheet for the year ended 31 st March, 2011 of Dev Morarji from the following information:
Depreciate Furniture and Fixtures@5\%,Plant and Machinery@10\%.Tools were valued on 31st March,2011 at ₹ 4,500. Stock on 31st March,2011 was ₹18,000.
