You are required to prepare a Profit and Loss Account and Balance Sheet from the following Trial Balance extracted from the books of the International Hotels Ltd., on 31st March, 2006- Dr. Cr. Rs. Rs Authorised Capital-divided into 5,000 6% Preference Shares 6 of Rs. 100 each and 10,000 equity Shares of Rs. 100 each 15.00.000 Subscribed Capital 5,000 6% Preference Shares of Rs. 100 each 5,00,000 Equity Capital 8,05,000 Purchases - Wines, Cigarettes, Cigars, etc. 45,800 -Foodstuffs 36,200 Wages and Salaries 28,300 Rent, Rates and Taxes 8,900 Laundry 750 Sales - Wines, Cigarettes, Cigars, etc. 68,400 - - Food 57,600 Coal and Firewood 3,290 Carriage and Cooliage 810 Sundry Expenses 5,840 Advertising 8,360 Repairs 4,250 Rent of Rooms 48,000 Billiard 5,700 Miscellaneous Receipts 2,800 Discount received 3,300 Transfer fees 700 Freehold Land and Building . En ann C11 86,300 Furniture and Fittings Stock on hand, 1st April, 2005 Wines, Cigarettes. Cigars,etc. Foodstuffs Cash in hand Cash with Bankers Preliminary and formation expenses 2,000 Debentures of Rs. 100 each (6%) Profit and Loss Account Sundry Creditors Sundry Debtors Investments Goodwill at cost General Reserve 12,800 5.260 2,200 76,380 8,000 2,00,000 41,500 42,000 19,260 2,72,300 5,00,000 2,00,000 19,75,000 19,75,000 1,280 Wages and Salaries Outstanding Stock on 31st March, 2006 Wines Cigarettes and Cigars, etc. Foodstuffs 22,500 16,400