Illustration No. 10 From the following Trial Balance and additional information, you are required to prepare profit and loss account and balance sheet. TRIAL BALANCE as on 31" December, 2008 Particulars Dr. Amount (Rs.) Cr. Amount (Rs.) Capital 20.000 Sundry Debtors 5,400 Drawings 1,800 Machinery 7,000 Sundry Creditors 2,800 Wages 10,000 Purchases 19,000 Opening Stock 4,000 Bank Balance 3,000 Carriage Charges 300 Salaries 400 Rent and Taxes 900 Sales 29.000 51,800 51,800 Additional Information: (1) Closing Stock Rs. 1,200. (i) Outstanding Rent and Taxes Rs. 100. (ii) Charge depreciation on machinery at 10% (iv) Wages prepaid Rs. 400