soos,000; Net Loss-727,900; Balance Sheet Total-779,500.] 3. Following Trial Balance has been extracted from the books of MJs. Ram Prasad& Sons on 31st March, 2018: Particulars Dr. (R) Particulars Cr. R) 9,00,000 16,00,000 4,50,000 Machinery Cash at Bank Cash in Hand Wages Purchases Stock on 1st April, 2017 Sundry Debtors Bills Receivable Rent Commission General Expenses Salaries 4,00,000 Capital 1,00,000 Sales 50,000 Sundry Creditors 1,00,000 Interest Received 30,000 8,00,000 6,00,000 4,40,000 2,90,000 45,000 25,000 80,000 50,000 29,80,000 29,80,000 Additional Information: (t) Outstanding salaries were 45,000. (ii) Depreciate Machinery at 10%. (iit) Wages outstanding were5,000. (iv) Rent prepaid10,000. (v) Provide for interest on capital @ 5% per annum. (vi) Stock on 31st March, 2018 8,00,000. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2018 and Balance Sheet as at that date. [Gross Profit- 8,95,000; Net Profit-6,05,000; Balance Sheet Total- 20,50,000.]