march 200 Illustration: From the following trial balance of Mr. Eric Siaw, a sole trader, as at 31st March, 2009, prepare the trading and profit and loss account for the year ended 31st March, 2009 as well as the Balance sheet as at that date: DR CR GH Capital GH 25,000 Drawing 1,500 Purchases 8,000 Sales 18,050 Stock - 1/9 2008 2,800 Returns Outwards 300 Returns inwards 500 Carriage inwards 350 Carriage outwards Rent and rates 960 Advertising 570 Motor expenses 290 Wages 2,500 Discount received 1,600 Discount allowed 1,200 Investment 8,000 Non Current Asset (less depreciation) 19,000 Depreciation 1.900 Lighting and heating 550 Investment Income 500 Debtors 3,800 Creditors 2,150 Cash at bank 2,000 Cash in hand 690 Loan 10,000 Interest on loan 1,000 Salaries 1,640 Bad debts 150 57,600 57,600 Note: Stock at 31" March 2009 was GH3,800