Final Accounts Problem no 9

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 problem 7: https://youtu.be/UmrXZIP36TI problem 8: https://youtu.be/AE_oe1YL2wk Problem no 9: From the following Trial Balance of Vinayaka Enterprises, prepare final accounts for the year ending 31.12.2018. Trial Balance as on 31.3.2018 Debit Balances Amount Credit Balances Amount Purchases 12,400 Capital 40,000 Furniture 8.000 Bills Payable 2.500 Opening Stock 7,600 Creditors 5,900 Cash 1,500 Interest received 1.500 Sales Returns 1,500 Sales 28.500 Wages & Salaries 4,700 Purchase returns 400 Rent, Rates & Taxes 3,600 Commission 4,500 Sundry Debtors 13,500 Discount 3.600 Machinery 5,400 Miscellaneous Income 3,200 Investments 8,000 Discount 1,100 Commission 1,300 Carriage 600 Trade Expenses 700 Stationery 1,000 Factory Rent 1,600 Coal & Gas 2,200 Interest on Capital 3.000 Bad Debts 1,000 Goodwill 10,000 Accrued Dividend 1,400 90,100 90,100 Adjustments: 1.Closing Stock Rs 10,500. 2.Bad debts Rs 1,500 and Provide Reserve for Doubtful Debts 5%. 3.Outstanding Factory Rent Rs 400. 4.Depreciation on Furniture 10%. 5.Interest received in advance Rs 500. 6.Stock worth of Rs 10,000 destroyed in fire and Insurance Co. admitted a claim of Rs 7,500.