5. From the following particulars of Mr. X, prepare Trading and Profit & Loss A/C as on 31st December, 2020: (8) Particulars Debit amount Credit amount Cash in hand 2000 Cash at bank 14000 Purchases and Sales 224000 350000 4400 2100 15500 36000 6200 84000 3000 30000 220200 20000 Carriage on purchases Carriage on sales Fuel and power Stock on 01.01.2020 Bad debts Bad debts provision Debtors and Creditors Capital Investments Interest on investments Loan from Y @ 18% p.a. Repairs General expenses Machinery Wages and Salaries Bad debt recovered Sales tax collected Stationery Depreciation on machinery 2000 10000 1520 10600 171000 19500 120 6500 2000 9000 621820 621820 Adjustments: a. Write off Rs. 2000 as bad debts and provisions for doubtful debts is to be maintained at 5% on debtors. b. Loan from Y was taken on 1st July, 2020. No interest has been paid so far. c. Goods worth Rs. 500 were given as charity. d. Sales include Rs. 2000 worth of goods returned by the customer. e. Goods recorded as purchase but not received yet Rs. 5000. f. Entire stationery was used by the proprietor for his own purpose, g. Closing stock was valued at Rs. 60000