15. The following Trial balance is extracted from the books as on 31" March 98. Name of Account Dr. balances Rs. Cr. balances Rs. Furniture and Fittings 640 Motor Vehicle 6,250 Building 7,500 Capital 12,500 Bad debts 125 Commission Received 575 Sundry Debtors and Creditors 3,800 2.500 Stock on 1.4.97 3,460 Purchases and Sales 5,475 15,450 Bank Overdraft 2,850 Sales and Purchase 200 125 Returns Advertising 450 Interest Account 118 Cash in hand 650 Taxes and Insurance 1,250 General Expenses 782 Salaries 3,300 34,000 34.000 Adjustments: (a) Stock on hand on 31.3.98 was Rs. 3,250 (b) Depreciate Building at 5%, Furniture and fittings @ 10% and Motor Vehicle by Rs. 1250. (c) Rs. 85 is due for interest on Bank Overdraft. (d) Salaries Rs. 300 and Taxes Rs. 120 are outstanding. (e) Insurance is prepaid to the extent of Rs. 100. (1) One fifth of the commission received is in respect of the work to be done next year. Prepare Trading and Profit and Loss Account for the year ended 31" March 98 and Balance Sheet as on that date. 12