Q. No. 2. Prepare Trial Balance as on 31.03.2012 from the following balances of Ms. Maliha Afzal Inc: Drawings Rs. 74,800 Bill receivable Rs. 52,500 Discount allowed Rs. 950 Freight Rs. 3,500 Insurance Rs. 2,700 Bank loan Rs. 120,000 Capital Rs. 250,000 Furniture Rs. 33,000 Sales Rs. 335,350 Sundry creditors 75,000 Discount received Rs. 1,000 Stock (31.03.2012) Rs. 17,000 Bills payable Rs. 31,700 Purchases Rs. 295,700 Stock (1.04.2011) Rs. 30,000 Rent Rs. 72,500 Printing charges Rs. 1,500 Sundry expenses Rs. 21,000 Income tax Rs. 9,500 Machinery Rs. 215,400