From the following trial balance of Mr. A. Lal, prepare trading, profit and loss account and balance sheet as on March 31, 2017. Account Title Debit Amount Rs Credit Amount Rs Stock as on April 01, 2016 16,000 Purchases and Sales 67,600 1,12,000 Returns inwards and outwards 4,600 3,200 Carriage inwards 1,400 General expenses 2,400 Bad debts 600 Discount received 1,400 Bank over draft 10,000 Interest on bank overdraft 600 Commission received 1,800 Insurance and taxes 4,000 Scooter expenses 200 Salaries 8,800 Cash in hand 4,000 Scooter 8,000 Furniture 5,200 Building 65,000 Debtors and Creditors 6,000 16,000 Capital 50,000 Closing stock Rs 15,000.