b28 XN Example 16: From the following information prepare Trading and Profit & Loss Account for the year ending 31/03/2017and Balance Sheet as on that date. Particulars Amt. Particulars Amt. Opening Stock 1,50,000 Sales 7,95,000 Cash in Hand 10,500 Interest on Bank deposit 4,500 Investment 55,000 Discount received 6,000 Freight and Octroi 13,500 Accounts Payable : 10,000 Dock Charges 15,000 20,000 Bank deposit 50,000 12,000 Cartage 5,000 Supplier A/C 85,000 Repairs 3,000 Returns Outward 15,000 Electric Power 25,000 Interest on Investment 6,000 Fuel, Gas and Water 15,000 Capital A/C 7,96,000 Motor Vehicle 55,000 Business Premises 3,50,000 Telephone Expenses 5,000 Audit fees 3,500 Accounts Receivable : A 15,000 25,000 10,000 Customer's A/C 1,05,000 Postage and Telegram 6,000 Patent 50,000 Income Tax 25,000 Office Expenses 12,500 Purchases 6,00,000 Return Inward 35,000 Depreciation 10,500 Furniture & Equipment 1,00,000 17,49,500 17,49,500 Closing stock is * 1,90,500 B