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


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.