Trial balance as on 31st March, 2014
Particulars Debit
Pula
Particulars Credit
Pula
Wages 14 100 Dividends received 4 300
Salaries 13 000 Bank overdraft 41 000
Opening Stock 40 000 Returns 1 000
Machinery 49 000 Creditors 14 200
Investments 30 700 Sales 258 500
Drawings 23 000 Capital 30 000
Purchases 130 000
Returns 2 000
Debtors 18 000
Advertising 13 400
Interest 4 800
Cash 11 000
349 000
=======
349 000
========
Additional information:
1. Closing stock is valued at P53 000.
2. Wages include P350 being advance against wages.
3. Wages include P1 000 paid for erection of machinery.
4. A purchase of stationery for P430 has been inadvertently included in the
Purchases account.


5. A sale of investments with a book value of P2 600 for P2 500 has been included
in the Sales Account.
6. Salaries include P150 per month paid to the proprietor’s domestic servant.
7. Machinery is to be depreciated by 10 per cent.
Required:
a. The revenue statement (Trading and Profit and Loss Account) for the year ended
31st March 2014 and
b. Statement of financial position (Balance Sheet) as on 31st March, 2014.