5. From the following Trial Balance of Mr. Kumaran, prepare a Trading and Profit and Loss Account for the year ended 31st December 2020 and the Balance sheet as on that date. Debit balance Buildings Rs. Credit balance Rs. 25,000 Sundry Creditors 10,000 Stock (1.1.2020) 15,000 Capital 80,000 Drawings 6,000 Sales 1,20,000 Purchases 82,000 Returns 1,000 outwards Return inwards 2,000 Provision for bad 400 debts Sundry Debtors 20,600 Discount 800 Furniture 5,000 Rent Received 1,200 Freight 2,000 Carriage 500 outwards Rent and taxes 4,600 Printing and 800 Stationery Advertisement Postage 400 800 3 2362 Debit balance Insurance Rs. Credit balance 700 Rs. Salaries and 21,300 Wages Cash in hand 6,200 Bank balance 20,500 2,13,400 2,13,400