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1. The following is the Trial Balance of Padma Traders as on 31.03.2019. CR DR Particulars Rs. Cash on Hand 7,000 Bank Balance 48,000 Purchases 921,000 Wage Bills 79,000 Power & Fuel 45,000 Printing and Stationary 18,000 Hamali 9,800 Miscellaneous 12,000 Opening Stock 51,000 Land 1,20,000 Buildings 4,95,000 Vehicles 1,97,000 Plant & machinery 4,01,000 Sundry Debtors 76,000 Investments 3,00,000 Particulars Sales Capital Sundry Creditors Institutional Loans Provisions Reserves for Bad & Doubtful Debts Rs. 15,04,800 7,00,000 49,000 5,00,000 15,000 11,000 Total 27,79,800 Total 27.79,80 From the above Trial Balance, prepare a Profit and Loss a/c and a Balance Sheet, taking the following items into consideration i) Closing stock on hand as on 31.03.2019 - Rs.84,000 ii) Provide for 2 % towards bad debts iii) Provide for depreciation on Buildings 5 %, Plant & Machinery 7 % and vehicles 10% on an appropriate method of depreciation. Write short notes on the following