Following is the Trial Balance of Mr. Subodh as on 31st Chaitra 2075. Trial Balance Debit Balance Amount Credit Balance Amount Insurance 1,200 Capital 140,000 Drawings 18,000 Sales (net) 472,500 Sundry debtors.. 60,000 Commission.. 3,000 Bills receivable. 24,000 Sundry creditors 65,000 Land and buildings... 85,000 General reserve 12,000 Fumiture........ 15,000 Bad debt recovered. 2,100 Salaries and wages.. 42,000 Outstanding rent 2,000 Wages and salaries 16,500 Carriage.. 8,500 Rent 21,700 Telephone and telegram. 4,300 Himalayan Bank Ltd. 9,600 Stock (on 1.1.2075)... 75,800 Purchase (net) 315,000 696,600 696,600 Additional information i. Unexpired insurance Rs. 200 ii. Commission received advance Rs. 400 Depreciate furniture by 10% and appreciate the value of land and building by Rs. 1,700 V. iv. Make a provision for bad debts @5% on sundry debtors Closing stock Rs. 81,400. Required: a. Trading account b. Profit and Loss account Balance Sheet Ans: GP Rs. 138,100, NP Rs. 71,000and B/S total Rs. 272,400 C