b26 Example 14: From the following information, prepare Trading and Profit & Loss A/c Accounts for the year ending 31/03/2017 and Balance Sheet as on that date. Amount 2200 8000 308500 9500 16500 1800 150000 35000 3570 Dr. Balances Stock 1.4.16 Purchases Wages Return Inward Carriage on Purchase Carriage on Sales Import Duty Rent and Taxes Cash Bank Balances Bad Debts Discount Allowed Land and Building Drawing Interest on A's Loan Sundry Debtors Commission Bills Receivable Scooter Repair Scooter Furniture & Fittings Computer Life Insurance Premium Household Expenses Amount Cr. Balances 30000 Discount Received 150000 Return Outwards 6000 Sales 11000 Bills Payable 7000 Sundry Creditors 2000 Creditors for Rent 8100 Capital 7480 Loan from A 4320 Commission 24310 1810 1920 75000 20000 5500 76390 4500 10350 2490 20500 15500 35400 3500 12000 535070 535070 Closing Stock is 38,900