Financial Statements - II

. The following balances were extracted from the books of Anushka Enterprises on March , . Particulars Dr. (Rs.) , , Loan from SBI , , , , , , Dividend Received on Shares Bad Debt Bad Debt Recovered Bills Receivables , , Interest on Loan , Goodwill , , , , Stock ( .

. ) , , Cash at Bank , , Factory Repairs , , , Audit Fees Petty Expenses Salary , Life Insurance Premium Premises , , Insurance , Sales Returns Employees Provident Fund , Provision for Doubtful Debts , Delivery Expenses , Dock Charges (Outward) Packing Charges , Advance Salary , Warehouse Insurance , Loss in Exchange , Bank Charges Bonus from Suppliers , , Purchases Returns , Machinery , , Discounting Bills of Exchange Prepare final accounts for the year ended March , after giving effect to the following adjustments: (a) Insurance is due but not yet paid for March Rs. . (b) Salary Unexpired Rs.

. (c) Write off a further Bad debts Rs. , and maintain the provision for bad debts at % on Debtors. (d) Machinery is to be valued at % less than the book value.

(e) Goods kept in warehouse worth Rs. , were used for staff welfare.