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  3. the following balances appeared in the books of n

The following balances appeared in the books of N LId, as on 31st December 1993...

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Accounting

The following balances appeared in the books of N LId, as on 31st December 1993
From the following balances and the information, prepare the company's Balance Sheet as on 31st
December 1993 and its profit & loss account for the year ended on that date
(a) The stock 31kt December 1993 was valued at Rs.74,340.
(b) Provide Rs.5,000 for depreciation on fixed assets Rs.3,250 for the managing director's
commission and Rs.750 for the company's contribution to there staff provident fund.
(c) Interest accrued on investment amounted to Rs.1,375
(d) A provision of Rs.4,000 for taxes in respect of profit for 1993 is considered necessary.
(e) The directors proposed a final dividend @ 4%
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