From the following Trial balance of Mr$.$ Mukesh prepare Trading and Profit and Loss Account the balance sheet as on that date:

Particulars Debit Credit

Rs$.$ Rs$.$

Capital and Drawings $12,0001,00,000$

Debtors and Creditors $10\%50,50040,000$

$\%$ Loan Taken on $1\mathrm{.}1.201910,000$

Cash in Hand $1,200$

Cash at Bank $11,400$

Provision for Doubtful Debts $4,000$

Furniture $12,000$

Machinery $28,400$

Stock $75,000$

Purchases & Sales $1,80,0002,80,800$

Returns Inwards $2,000$

Salaries $24,800$

Wages $30,000$

Travelling Expenses $4,100$

Insurance $($Including a premium of Rs $600$ p$.$a$.$ paid

up to $30\mathrm{.}6\mathrm{.}2019)800$

Commission received $1,000$

Discounts $1,6002,000$

Carriage $4,000$

TOTAL $4,37,8004,37,800$

Adjustments:

$($a$)$ Closing Stock Rs $68,500$

$($b$)$ Write off Rs $500$ as bad debts and maintain provision for doubtful debts

at $5\%$ on Debtors

$($c$)$ Make a provision of $2\%$ for discount on Debtors & Creditors.

$($d$)$ Wages include Rs $1,600$ for erection of new machinery purchased on

$1-4-2018$

$($e$)$ Depreciation on machinery at $5\%$ and on furniture at $10\%$

$($f$)$ Commission earned but not received Rs $500$