From the following Trial Balance extracted from the books of Meenakumari Restaurant, prepare a Trading and Profit and Loss Account for the year ended 30th September 2007 and a Balance Sheet as on that date.

1. Charge depreciation on land and Buildings at 2.5%, on Plant and Machinery at 10% and on Furniture at 10%.

2. Make a Provision of 5% on the Sundry Debtors for Bad Debts. Carry forward the following unexpired amounts:

(a) Fire Insurance 125

(b) Rates and Taxes 240

(c) Apprentice Premium 400

(d) Charge interest on capital at 5%

(e) The value of closing stock was valued at * 29,390.

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Capital A/c Drawings A/c 90,000 6480 Land and Buildings 25,000 Plant and Machinery 14,270 Furniture and Fixtures 1250 Carriage Inward 4370 Wages 21,470