Financial Statements - II

. The following balances were extracted from the books of Avika Enterprises on 31st March . Particulars Dr. (Rs.) Cr.

(Rs.) , Drawings General Expenses , Buildings , Machinery , Stock ( . . ) , Power , Taxes and Insurance , , Debtors and Creditors , , Charity Bank Overdraft , Sales and Purchases , , Stock ( . .

) , Motor Vehicles Motor Vehicle expenses Bad debt provision Commission , Trade expenses , Bills payable , Cash Total , , , , Prepare final accounts for the year ended March , after giving effect (a) / th of General expenses and Taxes & Insurance to be charged to factory and the balance to the office. (b) Write off a further Bad debts of Rs. and maintain the provision for bad debts at % and create a provision for discount on Debtors at %. (c) Depreciate Machinery at % and Motor Vehicles by Rs.

(d) Provide Rs. for interest on Bank Overdraft to be paid. (e) Rs. is to be carried forward to next year out of Insurance.

Provide for Manager’s Commission at % on the Net Profit after charging such commission. Name the accounting principles will be followed while treating the