From the following Trial Balance, prepare Trading Account, Profit and Loss Account for the year ending 31st December, 2011 and the Balance Sheet on that date:
Adjustments: (i) Depreciate machinery by 10% and typewriter by 5%.
(ii) Make a reserve @ 5% on sundry debtors for bad and doubtful debts.
(iii) Outstanding expenses—salaries ₹ 100 and wages ₹ 100.
(iv) Value of closing stock as on 31st December 2011 was ₹ 8,000.
