Illustration 6 From the following particulars extracted from the books of Ganguli, prepare Trading and Profit and Loss Account and Balance Sheet as at 31st March, 2017 after making the necessary adjustments : Particulars Ganguli's Capital Account Cr.) 54,050 Stock on 1.4.2016 23,400 Sales 1.44 800 Sales Returns 4.300 Purchases 1.21 550 Purchases Returns 2.900 Carriage Inwards 9.300 Rent 2,850 Salaries 4.650 Sundry Debtors 12,000 Sundry Creditors 7,400 Loan from Dena Bank Ltd (at 12%) 10.00 Interest Paid 450 Printing and Stationery 1,700 Advertising 5.600 Interest Received 725 Cash with Traders Bank Ltd 4,000 Discounts Received 1.495 Investments (at 5%) as on 1.4.2016 2,500 Furniture as on 1.4.2016 000 900 Discount Discounts Allowed 3.770 General Expenses 1,960 Audit Fees 350 Fire Insurance Premium 300 Travelling Expenses Postage and Telegrams 435 Cash on Hand 190 Deposits at 10% as on 1.4.2016 Dr.) 15,000 Drawings 5,000 Adjustments : (1) Value of stock as on 31st March, 2017 is 39,300. This includes goods returned by customers on 31st March, 2017 to the value of 1,500 for which no entry has been passed in the books. (2) Purchases include furniture purchased on 1st January, 2017 for 1,000. (3) Depreciation should be provided on furniture at 10% per annum. (4) The Loan Account from Dena Bank in the books of Ganguly appears as follows: 31.3.2017 To Balance c/d 10,000 1.4.2016 By Balance b/d 5,000 31.3.2017 By Bank A/c 5.000 10,000 10.000 (5) Sundry Debtors include