11.Sachin's trial balance was as follows. Debit Balances To Purchases To Wages Trial Balance for the year ended 31st March, 2015 Amt 48,000 By Capital Credit Balances Amt 45,000 23,000 By Sundry Creditors 49,000 To Opening Stock 25,000 By O/S Wages 1,000 To Land and Building 30,000 By Sales 45,000 By Commission 1,31,100 2,200 To Sundry Debtors To Machinery 25,000 To Royalties 1,800 To Carriage Inwards 1,300 To Carriage Outwards 1,700 To Office expenses 2,550 To Bad debts 750 To Power 8,000 To Furniture 3,000 To Drawings: 5,000 To Cash in hand 500 To Cash at Bank 4,300 To Advertisement 3,000 To Insurance 400 2,28,300 2,28,300 12 Adjustments: 1) Closing stock on 31st March 2015 -18,500 2) Sachin took away goods worth 3,000 for personal use, but not recorded. 3) Goods destroyed by fire 5,000, insurance company admitted claim for 3,500 4) Write off 1,000 as bad debts and provide reserve for doubtful debts @5% on debtor 5) Insurance paid for the year ended on 30th June 2015 6) Depreciate -Furniture by 15%, Land and Building by 2.5%, Machinery by 10%. Prepare Trading and Profit and Loss account for the year ended 31st March, 2015 an Balance Sheet on that date. (GP=50,500, NP-36,000, B/s =1,23,000)