C.) 90 400 Dr. 3.600 12 300 16,400 34.000 13,160 "1.000 12.750 99.150 Illustration 27 The following Trial Balance has been prepared by Acharya as on 31.3.2017: Particulars Capital and Drawings Stock (1.4.2016) Wages Plant and Machinery Sundry Debtors Sundry Creditors Purchases and Sales Freehold Property Returns Salaries Rent Outstanding Rent Trade Expenses Furniture and Fixtures Bad Debts Provision for Bad Debts Patent and Trademark 52 300 29,700 320 12,800 2.400 540 200 2,060 3.100 560 480 4,100 969 Electricity 1,290 Loose Tools 1,510 Advertisement Suspense 4,200 Gas and Fuel 2,050 Insurance 1,330 Bank 5.200 Cash 2.140 TOTAL 2,04 520 204.520 * Advance Additional information: (i) Stock was not taken on 31.3.2017 but actually taken on 7.4.2017 at 10,200. Transactions during the week ended 7.4.2017 were: Sales-12 12,800; Purchases -28,100 A uniform 16/3% profit is made on the selling price. (ii) 3510 received from a debtor whose balance had been written-off as bad, was recorded as Cash Sale. (iii) Private goods of Acharya costing 2,400 sold for 2,880 was included in Sales. (iv) Advance from customers is entitled to 12% interest which is due for 2 months. (v) Electricity expenses include a deposit of 600 to the W.B. State Electricity Board. (vi) The effect of advertisement is expected to last for the coming two years also. (vii) A furniture costing 1,600 purchased on 31.12.2016 from M/s Assam Furniture Mart on credit was omitted to be recorded. (viii) Cash embezzled by a dishonest employee - 900. (ix) Patent and Trademark is to be amortized in 10 equal instalments. (x) Provision for Bad Debts is to be adjusted to 5% of Sundry Debtors: Loose Tools are valued at 31,020. Provide depreciation : @ 10% p.a. on Plant and Machinery, and 15% p.a on Furniture. You are required to prepare Trading and Profit and Loss Account for the year ended 31st March, 2017 and a Balance Sheet as on that date