Q. No. 2. Prepare Trial Balance as on 31.05.2012 from the following balances of Ms. Maliha Afzal Inc (10) Drawings Rs. 74,800 Capital Rs. 250,000 Purchases Rs. 295,700 Bill receivable Rs. 52,500 Furniture Rs. 33,000 Stock (1.04.2011) RS. 30,000 Discount allowed Rs. 950 Sales Rs. 335,350 Rent Rs. 72,500 Freight Rs. 3,500 Sundry creditors 75,000 Printing charges Rs. 1,500 Insurance Rs. 2,700 Discount received Rs. 1,000 Sundry expenses Rs. 21.000 Bank loan Rs. 120,000 Stock (31.03.2012) Rs. Income tax Rs. 9,500 17,000 Machinery Rs. 215,400 Bills payable Rs. 31,700