Final accounts || Problem no 7

Also watch the following videos: 1.Meaning of final accounts: https://www.youtube.com/watch?v=9olRkMQSTc8 2.About Trading a/c and Profit and loss a/c: https://www.youtube.com/watch?v=QMTSBg5Jh8A 3.About balance sheet: https://www.youtube.com/watch?v=ZH9AMVwW9uY 4.Adjustment meaning : https://www.youtube.com/watch?v=_XP1tVVIynQ 5.Bad debts: https://www.youtube.com/watch?v=iJ-Uksqjpog 6.Provision for reserve on doubtful debts: https://www.youtube.com/watch?v=ykgZM4PO-Gk problem no 1: https://youtu.be/DDqvygitvY8 problem no 2: https://youtu.be/nYR-hUXgJtU problem no 3: https://youtu.be/SX8svFT-8zk problem no 4: https://youtu.be/vWrGoaPLv4Y problem 5: https://youtu.be/_HkvkuJPZGI problem 6: https://youtu.be/NWAKf1HEzSI Question: Prepare final accounts of Pawan Enterprises for the year ending 31.03.2018 Trial balance as on 31.03.2018 Debit Balances Amount Credit Balances Amount Rent and Taxes 1.500 Sales 10,800 Purchases 9,000 Creditors 3,500 Wages 900 Reserve for Bad & Doubtful Debts 200 Carriage 500 Capital 22,000 Opening Stock 3,200 Purchase Returns 800 Commission 700 Miscellaneous Income 1.200 Bills Receivable 2,300 Commission 400 Freight 500 Oil & Fuel 800 Motor Van 5,000 Patents 2,000 Debtors 10,000 Cash 1,000 Accrued Interest 500 Insurance 1,000 38.900 38,900 Adjustments: 1. Closing Stock : Rs 6,800. 2. Depreciation on Motor Van : 5%. 3. Reserve for Bad & Doubtful Debts : 6%. 4. Outstanding Rent : Rs 500. 5. Prepaid Insurance: Rs 300. 6. Create Reserve for Discount on Creditors : 3%.