Amount Liabilities Sundry creditors Capital Add: Net profit 40,500 28,700 Amount Asset 6,000 Cash in hand Sundry debtors 69,200 Closing stock Furniture Machinery Land and building 75,200 2,200 9,000 21,000 10,000 3,000 30,000 75,200 Q27 mustration 7 The following is the Trial Balance of Reshma Stores as on 31st December, 2012. Dr. Cr. 31,700 4,000 5,000 1.000 3,000 500 Capital Opening stock Wages Wages outstanding Salaries Salaries outstanding Purchases Rent and rates Rent and rates paid in advance Sales Interest received Commission received 30,000 4,000 200 60.000 2.000 1,000 Drawings Advertisement Cash in hand Cash at bank 3,000 2.000 3.000 5,000 20,000 10,000 Sundry debtors Furniture Creditors Closing stock 15,000 22,000 1,11,200 1,11,200 You are required to prepare Trading and Profit and Loss Account for the year ended 31st December, 2012 and a Balance Sheet as at that date