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9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000

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9. Prepare a Trading and Profit and Loss Account and a Balance Sheet from the following information : Dr.Balances Cr. Balances Stock on 1-4-2017 42,000 Sales 96,170 Purchases 68,250 Loans 60,000 Carriage 600 Discount 850 Wages 12,000 Commission 680 Power 1,800 Sundry creditors 6,000 Furniture & fixtures 4.000 Capital 30,000 Investments 250 6,000 Provision for Depreciation Freehold premises 15,000 Traveling expenses 900 Debtors 1,000 Interest 400 Bill receivable 1,800 Tools 7,000 Plant & machinery 30,000 Bad debts 200 Drawings 3,000 The following adjustments are to be made : (i) Stock on hand on 31-3-2018 was 7,860. (ii) Depreciate plant and machinery @ 10%. (iii) Wages 700 are outstanding. (iv) Commission receivable was 100

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