The following trial balance was extracted from the books of Ahmad, a sole trader,

for the year ending December 31, 2018:

(20)

Purchases and Sales

22,860

41,970

Opening Stock

5,160

Capital

7,200

Bank Overdraft

4,350

Cash

90

Discount

1,440

930

Returns Inwards

810

Returns outwards

570

Carriage outwards

2,160

Rent and Insurance

1,740

Provision for Bad & Doubtful debts

660

Fixtures and Fittings

1,200

Delivery Van

2,100

Debtors and Creditors

11,910

6,060

Drawings

2,880

Wages and Salaries

8,940

General Office Expenses

450

61.740

61,740

Additional information:

a)Closing stock was valued at Rs. 4,290.

b)Wages and Salaries accrued Rs. 210.

c)Office Expenses owing Rs. 20.

d)Rend prepaid Rs. 180.

e)Increase the provision for bad and doubtful debts by Rs. 810.

f)Charge depreciation on fixture & fittings @ 10% and Delivery Van Rs. 300.

Required : Trading and profit & Loss Account and a Balance Sheet for the year ended December 31, 2018.