12.Samir's trial balance was as follows. Debit Balances To Drawings: To Building To Machinery To Cash at Bank To Purchases Trial Balance for the year ended 31st March, 2008 Amt Credit Balances Amt 750 By Capital 25,000 20,000 By Sales 75,500 6,000 By Purchase return 1,000 550 By Sundry Creditors 12,600 47,500 By Reserve for Doubtful Debts 750 To Sales return 1,500 By O/s Salary 100 To Cartage 350 By Discount 50 To Opening Stock 11,000 To Wages 6,000 To Sundry Debtors 17,600 To Salaries 2,500 To Rent and insurance 400 To Postage and Telephone 200 To Bad debts 250 To Discount 100 To Trade expenses 300 1,15,000 1,15,000 Adjustments: 1) Goods worth 100 withdrawn but included in Debtors. 2) Provide reserve for doubtful debts @5% on debtors. 3) Depreciate -Building by 5%, Machinery by 10% p.a. 4) Goods destroyed by fire *1,000, insurance company admitted claim for * 800 5) Provide 5% interest on capital. 6) Closing stock on 31st March 2008 -8,000 Prepare Trading and Profit and Loss account for the year ended 31st March, 2008 and Balance Sheet on that date. (GP=19,150, NP-12,275, B/s =50,375)