Mrs. Bhavana keeps his books by Single Entry System. You’re required to prepare final accounts of her business for the year ended December 31, 2015. Her records relating to cash receipts and cash payments for the above period showed the following particulars.
Summary of Cash
The following information is also available
All her sales and purchases were on credit. Provide depreciation on plant and building by 10% and machinery by 5%. make a provision for bad debts by 5%.
