Credits Debit Rs 30.000 80,000 40.000 80,000 26.000 2,00,000 30,000 5,000 25,000 500 1,500 2,000 20,000 15,000 150000 50.000 The Trial balance of Mr. Gopal, a trader, at the end of Chaitra, 2075 is as under. Particulars Opening stock Plan & machinery Fumiture (1-7-2075) Sundry debtors Cash at bank. Purchases.... Wages and other direct expenses Camage inwards Office salaries Bad debts General expenses Insurance premium Office rent..... Gopal's drawing Gopal's capital. Bank loan... Sundry creditors Sales....... Purchases retumed Reserve for doubtful debts Discount & commission.. Total... 5,55,000 Additional information: i. Plant & Machinery and furniture are to be depreciated by 10% and 20% p.a, respectively ii. Additional bad debt Rs. 4,000. iii. Office salary to be paid Rs. 5,000. iv. Closing stocks was valued at Rs. 40,000. V. Manager's commission is payable @ 10% of the net profit before charging such commission. Required: a. Trading account b. Profit and Loss account C. Balance Sheet at Chaitra end Ans: GP Rs. 85,000; NP Rs. 18,000 and B/S total Rs. 2,50,000 40.000 3,00.000 10,000 2.000 3.000 5,55,000