Debit Rs. 22,000 Credit RS 90.000 3,20,000 4,15000 50.000 17,000 12,000 2,100 2,88.000 3,400 32,000 9,000 4,000 12. Following is the Trial Balance of a Trading Concern on year ending. Chaitra 31, 2075 Particulars Fumiture Creditors Debtors Purchases Sales Opening stock Rent rates & taxes 5.000 Cash at bank Cash in hand Advertisement Capital Income tax paid. Salaries.. Postage & communication 11,500 Printing & Stationery 3,000 Carriage inwards 10,000 Prepaid insurance Discount allowed Vehicles 48,000 Bad Debts. 2,000 Patents 10,000 Carriage on sales 22,000 Wages 21,000 Commission to salesman. 35,000 General expenses 10,000 Patent written off 4,000 Total 7,43,000 7,43.000 Adjustments: i. Provide depreciation on furniture @ 15% & vehicle by 20%. ii. Closing stock at the end of year was valued at Rs. 35,000. m. Prepaid insurance has been expired to the extent of Rs. 7,500. IV. Outstanding general expenses amounted to Rs. 2,000. v. Make a provision for doubtful debts by 10% and provision for discount on debtors by 5* vi. Make a provision for discount on creditors by 4.5% Required: a. Trading account b. Profit and Loss account c. Balance Sheet as on Chaitra 31, 2075 Ans: GP Rs. 49,000; NL Rs. 1,15,250 and B/S total Rs. 2,09,550