From the following figures prepare the Trading and Profit and Loss Account for the year ended 31st March, 2012 and the Balance Sheet as at that date:- Particulars (₹) Particulars (₹) Stock (1st April, 2011) 75,000 Sundry Debtors 82,000 Purchases 8,00,000 Loan from X 10,000 Sales 12,00,000 Interest on X Loan 1,500 Motor Car 1,50,000 Furniture 20,000 Car Expenses 42,000 Land and Building 2,00,000 Rent 5,500 Capital 2,50,000 Salaries 35,200 Sundry Creditors 91,300 Bad Debts 1,500 Returns Inward 7,500 Provision for bad debts 8,100 Returns Outward 6,000 Commission (Cr.) 4,600 Cash in hand 16,400 Wages 1,25,000 Insurance 8,400 Adjustments:-(i) Commission include ₹ 1,600 being commission received in advance.(ii) Write off ₹ 2,000 as further Bad-debts and maintain Bad-debts provision at 5% on debtors.(iii) Expenses paid in advance are: Wages ₹ 5,000 and Insurance ₹ 1,200.(iv) Rent and Salaries have been paid for 11 months.(v) Loan from X has been taken at 18% p.a. interest.(vi) Depreciate furniture by 15% p.a. and Motor Car by 20% p.a.(vii) Closing Stock was valued at ₹ 60,000.