From the following trial balance of Faris Ali Qureshi & Bros. and additional information, prepare Trading and Profit & Loss account and Balance sheet for th the year ended June 30, 2019. Particular DI Cr Particular DI CI Capital 100.000 7.000 Furniture 20.000 Transportation out Creditors Provision for bad debts 120,000 Purchases 150,000 6,000 Debtors 200,000 8,000 Printing and stationery Insurance expense 4.000 12,000 Interest med Salaries Sales 30,000 Opening stock 50.000 321.000 12.000 Office expenses Bank overdraft Purchases returns 5.000 2.000 20.000 Drawing 24.000 Wages Rent 15.000 Sales retum 10,000 Total Rs. 558,000 Rs.558,000 Additional Information 1. Depreciation furniture by 10% by written down method (WDM). 2. A provision for doubtful debts is to be created to the extent of 5% on sundry debtors. 3. Salaries for the month of June, 2019 amounting to Rs. 3,000 were unpaid which must be provided for. However, salaries included Rs. 2,000 paid in advance. Office expenses outstanding Rs. 8,000. 4. Insurance amounting to Rs. 2,000 is prepaid. 5. Stock use for private purpose Rs. 6,000 and closing stock Rs. 60,000