Extracted text: Q.7 From the following Trial Balance, you are required to prepare Trading and Profit & Loss A/c for the year ending 31" March,2018 and a Balance Sheet as on that date: Rs. Rs. Opening Stock Furniture 25,000 Sales 16,000 Creditors 5,55,300 Bank Overdraft 4,700 Provision for Bad and Doubtful debts 1,800 Discount 52,000 Capital 80,000 Purchase Returns 15,000 22,000 3,400 68,000 8,900 14,000 1,60,000 10,000 7,000 10,43,100 7,00,000 70,500 50,000 2,100 500 2,00,000 20,000 Purchases Carriage Inwards Bad Debts Wages Debtors Sales Returns Rent Misc. Expenses Salaries Cash Drawings Buildings Advertising Interest on Bank Overdraft 10,43,100 Adjustments: (i) Closing stock is valued at Rs.36,000. (ii) Rent is paid @ Rs.2,000 per month. (iii) Private purchases amounting to Rs.5,000 have been debited to purchases account. (iv) Make a provision for bad & doubtful debts at 5% on debtors. (V) A new sign board costing Rs.4,000 IS ncluded in Advertising. (vi) Depreciate Furniture & Fittings by 10%. ******** ********0*