From the following trial balance, prepare trading account, profit and loss account and balance sheet.

Additional Information (adjustments)

(i) Closing stock was ₹8,200 crore 

(ii) Insurance premium for 6 months at the rate of ₹50 crore per annum was pre-paid.

(iii) one month rent ₹35 crore was due but not paid.

(iv) Provide depreciation on plant and machinery @ 10%.

(v) Make provision for doubtful debts @ 5% and provision for discount on debtors @ 2%

(vi) Goods costing ₹1,000 crore were dispatched on March 28, 2010 but a bill for the amount for ₹1,250 crore was raised only on April 2, 2010. One more credit sales transaction of ₹250 was completed in March, 2010 but not recorded in the books of accounts.

(vii) Bank statement revealed that bank had debited us for bank charges of ₹1 crore and for interest ₹2 crore but not recorded in cash book.

(viii) A cheque of ₹3 crore deposited by us was dishonoured, entered in pass book but not in cash book; it was disclosed that party had been declared insolvent and nothing is recoverable.

(ix) Cheques of ₹5 crore issued but not presented for payment till March 31, 2010.

(x) Goods costing ₹200 crore were destroyed by fire and insurance company admitted the claim for ₹175 crore only.

(xi) In case of sufficient net profit transfer ₹2,000 crore to general reserve.

(xii) Remaining profit, if any is to be kept as surplus.

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Dr. Particulars Opening stock Purchase Productive wages Discount Salary Rent Insurance premium Dividend paid Interim dividend paid Sundry debtors Plant and Machinery Cash in hand and at bank Loan to Managing director Bad Debts Total Trial Balance as on March 31, 2010 ( in crore) Particulars Amount 7,500 24,500 5,000 700 750 495 1,705 500 400 3,750 2,900 1,620 325 158 50,303 Sales Discount Profit & Loss a/c (opening balance) Share Capital (face value Re. 1) Sundry creditors General Reserve Cr. Amount 35,000 500 1,503 10,000 1,750 1,550 50,303