Fixtures 80,000 1.20.900 81,000 Sundry Debtors Closing Stock Prepaid Insurance Bills Receivable 1,500 18,000 4,14,600 4.14,600 Illustration 3: From the following Trial Balance and additional information prepare Profit and Loss Account for the year ended 31/03/2008 and Balance Sheet as on that date of Shri Ankur. Trial Balance as on 31/03/2008 j13 Cr. Rs. Dr. Rs. 88,000 3,16,300 9,000 800 90,000 81,000 4,000 Particulars Sundry Debtors Capital Salaries Commission Furniture Creditors Dividend Machinery Bad debts Advertisement Investments Bills Payable Opening Stock (01/04/07) Insurance Drawings Cash in hand Cash at Bank 1.56,000 2.250 1,000 38.000 18,000 32.000 11,000 17,000 35,000 51,000 900 1,34,500 ,800 6,500 32.000 Interest Purchases Sales Retur Wages Bills Receivable Purchase Return Sales Carriage Inward Octroi Bank Overdraft 2.300 2,10,000 2,100 1,500 76,950 7,09,450 7,09,450 Adjustments - 1) Closing Stock Rs.33,000/- 2) Wages Outstanding Rs.2,000/- 3) Insurance prepaid Rs. 2,500/-. 4) Depreciate Machinery at the rate of 10% and Furniture 15%