- 10. Mrs.Swati 's trial balance was as follows. Trial Balance for the year ended 31" March, 2016 Debit Balances Amt Amt Purchases and sales 1,04,000 1,95,300 Salary 11,300 Stock 28,000 Sundry Debtors and Creditors 24,200 36,000 Bills Receivable and Bills Payable 62,400 18,100 Land and Buildings 48,300 Return 6,300 2,600 Wages 25,100 Bank 30,000 Insurance 4,500 Advertisement 9,300 Furniture 18,700 Rent and taxes 4,700 Interest 4,800 Capital 1,20,000 3,76,800 3,76,800 Adjustments : 1) Closing stock valued + 37,500 2) Depreciate Furniture by 10% and Land and Building by 5%. 3) On 31st March, 2016, goods worth 3,000 purchased, included in closing stock, but recorded in the books of account. 4) Prepaid insurance 31,500 5) Outstanding salary 53,400 and wages 34,700. 6) Write off 31,200 as bad debts and provide reserve for doubtful debts @5% on deb Prepare Trading and Profit and Loss account for the year ended 31st March, 2016 Balance Sheet on that date. (GP=64,300, NP=30,765, B/s =2,15,965)