b44 Illustration 15. Mr. Neel has prepared the following Trial Balance from his Ledger as on 31st March, 2017. Particulars Debit Credit Stock as on Ist April, 2016 5,00,000 Purchases and Returns 31,00,000 45,000 Sales and Returns 55,000 41,50,000 Cash in Hand 2,50,000 Cash at Bank 5,00,000 Trader's Capital Rates and Taxes 22,59,200 50,000 45,000 95,000 1,05,000 90,000 Drawings Salaries Postage and Telegram Insurance Salesman Commission Printing and Stationery Advertisement Furniture and Fittings Motor Car Discounts General Expenses Carriage Inward Carriage outward Wages Sundry Debtors Creditors 78,000 95,500 1,70,000 5,50,000 48,000 50,000 65,700 10,000 22,000 50,000 10,00,000 75,000 4,00,000 69,29,200 69,29,200 You are required to prepare Trading and Profit & Loss Account for the year ended on 31st March, 2017 and Balance Sheet as on that date after making the necessary adjustment: 1. Closing Stock as on 31st March, 2017,