From the following Trial Balance and other information, prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date: Particulars Dr. (₹) Cr. (₹) Sundry Debtors 3,20,000 … Stock on 1st April, 2018 2,20,000 … Cash in Hand 350 … Cash at Bank 15,450 … Plant and Machinery 1,75,000 … Sundry Creditors … 1,06,500 General Expenses 10,750 … Sales … 13,45,000 Salaries 22,250 … Carriage Outwards 4,000 … Rent 9,000 … Bills Payable … 75,000 Purchases 11,88,700 … Discounts 11,000 … Premises 3,45,000 … Capital on 1st April, 2018 … 7,95,000 Total 23,21,500 23,21,500 Stock on 31st March, 2019 was ₹ 1,24,500. Rent was unpaid to the extent of ₹ 850 and ₹ 1,500 were outstanding for General Expenses; ₹ 4,000 are to be written off as bad debts out of the above debtors; and 5% is to be provided for doubtful debts. Depreciate Plant and Machinery by 10% and Premises by 2%.Manager is entitled to a commission of 5% on net profit after charging his commission.