Q17. Read the following case carefully and answer the questions: The following is the Trail Balance of RaRa Trading Concem Nepalgunj as on 31st December, 2018 Particulars Dr (R) Credit (Rs) Opening stock 400,000 Purchases 570,000 Sales 760,000 Capital 400,000 Purchase return 10.000 Carriage inward 6000 Carriage outward 8000 Sales return 12,000 10% Bank loan 90,000 Prepaid insurance 5000 Creditors 70,000 Debtors 100,000 Advertisement 2000 Discount 5000 Bills payable 20,000 Salaries and wages 54.000 Interest Bills receivable 10.000 General expenses 3000 Wages and salaries 90,000 Cash at bank 30.000 Rent 20,000 Furniture 30,000 Total 13.50,000 13.50,000 Additional Information: i. Closing stock of Rs. 550,000 ii. Prepaid salaries of Rs. 9,000 iii. Goods lost by fire of Rs. 15.000 iv. Depreciation to be charged 10% on furniture v. Interest on loan for 6 months is to be paid vi. Outstanding wages of Rs. 8000 and rent of Rs.6000. 4500 vii. Prepaid insurance has been expired to the extent of Rs. 4000 viii. Bad debt Rs. 2000 and provision for bad debt created @5% You are required to prepare the following: a. Trading account b. P/L account [5] [5] [5] c. Balance sheet