Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Account Title Debit Amount Rs Credit Amount Rs Purchases and Sales 3,52,000 5,60,000 Return inwards and Return outwards 9,600 12,000 Carriage inwards 7,000 Carriage outwards 3,360 Fuel and power 24,800 Opening stock 57,600 Bad debts 9,950 Debtors and Creditors 1,31,200 48,000 Capital 3,48,000 Investment 32,000 Interest on investment 3,200 Loan 16,000 Repairs 2,400 General expenses 17,000 Wages and salaries 28,800 Land and buildings 2,88,000 Cash in hand 32,000 Miscellaneous receipts 160 Sales tax collected 8,350 Closing stock Rs 30,000.