The following is the Trial Balance of Shri Om$,$ as on $31$st March, $2009.$ You are requested to prepare the Trading and Profit and Loss Account for the year ended $31$st March, $2009$ and Balance Sheet as on that date after making the necessary adjustments:

Particulars Debit $($Rs$)$ Credit $($Rs$)$

Sundry debtors $5,00,000-$

Sundry creditors $-2,00,000$

Outstanding liabilities for expenses $55,000-$

Wages $1,00,000$

Carriage outwards $1,10,000$

Carriage inwards $50,000$

General expenses $70,000$

Cash discounts $20,000$

Bad debts $10,000$

Motor car $2,40,000$

Printing & stationery $15,000$

Furniture & fittings $1,10,000$

Advertisement $85,000$

Insurance $45,000$

Sales men$$s commission $87,500$

Postage & telegram $57,500$

Salaries $1,60,000$

Rates and taxes $25,000$

Drawings $20,000$

Capital Account $-14,43,000$

Purchases $15,50,000-$

sales $-19,87,500$

Stock on $1/4/20082,50,000-$

Cah at bank $60,000-$

Cash in hand $10,500$

Total $36,30,50036,30,500$

The following adjustments are to be made:

$(1)$ Stock on $31$st March, $2009$ was valued at Rs $7,25,000.$

$(2)$ A Provision for Bad and Doubtful Debts is to be created to the extent of $5$ per cent on Sundry Debtors.

$(3)$ 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$(4)$ Shri Om had withdrawn goods worth Rs $25,000$ during the year.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 $31$st March, $2009.$ The cost of the goods was Rs $50,000.$

$(6)$ The Salesmen are entitled to a Commission of $5\%$ on total sales.

$(7)$ Debtors include Rs $25,000$ bad debts.

$(8)$ Purchase includes purchase of furniture worth Rs $50,000$