6. Given below is the Trial Balance of Mr. Motilal Hirachand as on 31st March, 2016 Particulars Capital Trial Balance Dr - Cr 2,00,000 Stock on 1.4.2015 Bills receivable Machinery 80,000 12,000 1,00,000 Purchases and Sales 1,60,000 2,36,000 Reserve for Doubtful Debts. 2,000 Furniture 52,000 Investments 28,000 Return outwards 2,000 Sundry debtors and Creditors 60,000 1,10,000 Salaries 16,000 Wages 16,000 Cash in Hand 4,000 Insurance 10,000 General expenses 6,000 Advertisements(For 3 years) 6,000 Interest 4,000 Trade expenses 4,000 5,54,000 5,54,000 Adjustment: (i)Stock was valued as on 31st March 2016 50,000, (ii) Insurance included 4,000 paid for Life Insurance Premium (iii) Interest 3,000 earned but not received on Investment (iv)Depreciate Machinery by 10% p.a. and Furniture by 5% (v) Provide Reserve for Doubtful Debts 5% on debtors. Prepare Trading A/c, Profit and Loss A/c for the year ended 31st March, 2016 and Balance Sheet as on that date. (Sem1 Oct16 GP-28,000; Net Loss-8,600;B/s 2,97,400)