Shreyas keeps his books under single entry system. He furnished the following particulars for the year 2018-2019 : Particulars 1-4-2018 A 31-3-2019 A Cash in hand 20,000 ? Furniture 25,000 25,000 Stock 40,000 50,000 Debtors 30,000 40,000 Creditors 20,000 25,000 Motor Vehicle 50,000 50,000 Land and Building 1,00,000 1,00,000

His cash transactions during 2018-19: (A) Received from customer 4,00,000 Payment to suppliers 2,50,000 Wages paid 16,000 Salary paid 12,000 Rent paid 6,000 Cash sales 50,000 Cash purchases 20,000 Trade expenses 4,000

Drawings 16,000 Other transactions: Discount allowed 5,000 Discount received 6,000 Sales return 10,500 Purchase return 11,000 Bad debts 3,000 Write off depreciation at 10% on furniture and 5% on land and buildings. Prepare trading and profit and loss A/c and a balance sheet for the year 2018-19.