From the following Trial Balance of M/s Ajay and Vijay, you are required to XII textual problem no. 1



Adjustments:


1) The closing stock is valued at Rs. 31,000.


2) Outstanding expenses were wages Rs. 1,400, salaries Rs. 800.


3) Depreciate Plant and Machinery by 10%.


4) Insurance at Rs. 500 is paid in advance.


5) Provide for further bad debts of Rs. 1,500.


6) Commission due but not received Rs. 1,200.