Or The Trial Balance of Tri-Dev Co. Ltd. as on Ashadh 31, 2078 is given below: Particulars Debit Rs. Particulars Property, plant and equipment Opening stock Wages expense Salary (60% office) Discount Sundry debtors investment Stationery Bank balance Carriage outwards Sundry expenses Interest expense Rent and rates (20% selling) Prepaid insurance Purchase Total Additional information: 6,00,000 Share capital 32,500 Sales 40,000 5% Debentures 1,00,000 Unearned commission 1 5,000 Sundry creditors 50,000 Bank overdraft 1,50,000 25,000 30,000 60,000 15,000 5,000 40,000 30,500 2,62,000 14,45,000 Total Value of closing stock Rs. 65,000 Depreciate Property, plant and equipment by 5%. Prepaid insurance was expired Rs. 15,000. iv. Unearned commission was earned Rs. 12,000 Required: a. Multi-step income statement b. Classified balance sheet Credit Rs. 7,00,000 5,70,000 1,00,000 OHRIS 20,000 15,000 40,000 14,45,000
