4. Given below is the Trial Balance of M/s Roma and Mona partnership firm.

4. Given below is the Trial Balance of M/s Roma and Mona partnership firm. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2012 and Balance Sheet as on that date.

Adjustments:

1) Stock on 31st March, 2012 was valued at Rs. 80,000.

2) Goods of Rs 6,000 were sold and dispatched on 27th March, 2012, but no entry was made in the books of accounts.

3) Write off Bad debts of Rs. 4,000 and provide for R.D.D. at 5% on sundry debtors.

4) Provide reserve for discount on debtors at 2% and on creditors at 3%.

5) Outstanding wages Rs. 4,000 and outstanding salaries Rs 3,066.

6) Depreciate Motor Vehicle at 5% p.a.