The following is the Trial Balance of Mr. Deepak as on March 31, 2017. You are required to prepare trading account, profit and loss account and a balance sheet as on date: Account title Debit Amount Rs Account title Credit Amount Rs Drawings 36,000 Capital 2,50,000 Insurance 3,000 Bills payable 3,600 General expenses 29,000 Creditors 50,000 Rent and taxes 14,400 Discount received 10,400 Lighting (factory) 2,800 Purchases return 8,000 Travelling expenses 7,400 Sales 4,40,000 Cash in hand 12,600 Bills receivable 5,000 Sundry debtors 1,04,000 Furniture 16,000 Plant and Machinery 1,80,000 Opening stock 40,000 Purchases 1,60,000 Sales return 6,000 Carriage inwards 7,200 Carriage outwards 1,600 Wages 84,000 Salaries 53,000 Closing stock Rs 35,000.