3) Solve any ONE: (10 Marks) A) The following trial balance has been extracted from the books of Rajesh on 31st March, 2021. Trial Balance as on 31st March 2021 Debit Balance Drawings Plant and Machinery Opening stock Purchases Wages Salaries Insurance Rent and taxes Sundry debtors Amount 44,000 1,00,000 20,000 2,70,000 62,000 70,000 45,000 19,000 70,000 7,00,000 Credit Balance Capital Sales Provision for bad and doubtful debts Bank overdraft Discount received Sundry creditors The following adjustments are to be made: i) ii) Amount 1,76,000 4,72,000 2,000 20,000 6,000 24,000 7,00,000 Stock on 31st March 2021 was Rs. 28,000. Provision for doubtful debts is to be maintained at 5% on sundry debtors. iii) Depreciate plant and machinery at 20%. As an Accountant you are required to prepare trading and profit and loss account for the year ended 31st March 2021 and a balance sheet as on that date