From the following Trial Balance prepare Trading and Profit and Loss Account for the year ending 31st Dec.,2009 and Balance Sheet as on that date:

Dr. Cr.

Rs. Rs.

Stock 1st Jan.2008 22,300 Purchases and Purchases Returns 2,30,000 5,200 Freehold premises 1,00,000 Incidental Trade Exp. 11,200 Insurance 1,850 Audit Fees 800 Commission Received 2,700 Interest 1,400 Debtors and Creditors 32,400 24,830 Wages 30,200 Salaries 15,200 Capital 1,50,000 Drawings 12,000 Income Tax 3,600 Investments 8,000 Discount allowed & received 7,500 4,200 Sales Returns and Sales 6,400 3,17,400 B/R 5,200 Office Furniture 9,000 Rent 2,600 Cash in hand 5,080 Bank Balance 7,600 _______ 5,08,330 5,08,330 (i) Stock on 31st December, 2009 is Rs. 70,000.
(ii) Write off 5% Depreciation on freehold premises and 20% on office furniture.
(iii) Commission earned but not received Rs. 500.
(iv) Interest earned Rs. 600.
(v) Rs.200 for rent has been received in advance.
(vi) Charge interest on Capital @ 6% and Rs. 500 on Drawings.