Question No. 2 The following is the Trial Balance of Shri Om, as on \\( 31^{\\text {st }} \\) March, 2023. You are requested to prepare the Profit and Loss Account for the year ended \\( 31^{\\text {st }} \\) March, 2023 and The following adjustments are to be made: (1) Inventory/Stock on \\( 31^{\\text {st }} \\) March, 2023 was valued at Rs 7,25,000. (2) Purchases include purchase of Furniture worth Rs 50,000 (3) Depreciate: Furniture and Fittings by \10 Motor - Car by \20 (4) Shri Om had withdrawn goods worth Rs 25,000 during the year. (5) Sales include goods worth Rs 75,000 sent out to Shanti \\& Company on approval and remaining unsold on \\( 31^{\\text {st }} \\) March, 2023. The cost of the goods was Rs 50,000. (6) The salesmen are entitled to a Commission of \5 on total sales. (7) Debtors/Accounts Receivables include Rs 25,000 bad debts. (8) A Provision for Bad and Doubtful Debts is to be created to the extent of 5 per cent on Sundry Debtors. (9) Printing and stationery expenses of Rs 55,000 relating to 1997-98 had not been charged in that year. This expense was paid this year and trial balance shows it as an expense by 'Payment of Last Year's Expense