The following is the Trial Balance of Kamal Enterprises for the year ended $31$st December,

$2021.$ You are required to prepare a profit and Loss account and Balance Sheet after taking into

account the adjustments given below.

Trial Balance

Dr$.$ Cr$.$

Particulars Rs$.$ Particulars Rs$.$

Cash in Hand $500$ Sales $1,50,300$

Cash at Bank $1,200$ Purchase returns $5,000$

Office Furniture $6,000$ Creditors $12,000$

Accounts Receivables $15,000$ Bills Payables $8,000$

Commissions $1,200$ Discount Received $1,000$

Bills Receivable $3,500$ Dividend Received $2,000$

Power and Fuel $6,000$ Rent Received $3,500$

Plant and Machinery $24,000$ Capital $27,000$

Office Expenses $2,000$

Carriage Inwards $1,200$

Carriage Outwards $3,500$

Rent, Rates and Taxes $1,700$

Leasehold Premises $25,000$

Wages $30,000$

Salaries $7,000$

Opening Inventory $12,000$

Sales Returs $2,000$

Purchases $60,000$

Drawings $7,000$

$2,08,8002,08,800$

Adjustments:

a$)$ Closing Inventory as on $31-12-2021,$ Rs$.18,000.$

b$)$ Depreciate Plant & Machinery at $10\%.$

c$)$ Salaries outstanding Rs$.1,000,$ Power & Fuel Outstanding Rs$.2000.$

d$)$ Rs$\mathrm{.}5,000$ was spent on Plant & Machinery but wrongly included in wages.

e$)$ To provide for band & doubtful debits for Rs$\mathrm{.}1,500.$

f$)$ Discount earned but not received Rs$\mathrm{.}100.$

g$)$ Commission due but not received Rs$\mathrm{.}200.$

h$)$ Rent received includes Rs$.500$ received in advance.