1. From the following balances draw up a Trading and Profit & Loss Account and Balance Sheet.

Particulars	Amount (RM.)
Prakashs Capital	20,000
Bank Overdraft	5,000
Machinery	13,400
Cash in hand	1,000
Fixtures & Fittings	5,500
Opening Stock	45,000
Bills Payable	7,000
Creditors	40,000
Debtors	63,000
Bills Receivable	5,000
Purchases	50,000
Sales	1,29,000
Return from customers	1,000
Return to creditors	1,100
Salaries	9,000
Manufacturing wages	4,000
Commission and T.A.	5,500
Trade Expenses	1,500
Discount (Cr.)	4,000
Rent	2,200

The closing stock amounted to RM. 52,000.