From the following Trial Balance of Mr. Gaurav and additional information given, prepare Trading and Profit and Loss Account for the year ended 31st March,2018 and Balance Sheet as at 31st March, 2018:​ Particulars Dr. (₹) Cr. (₹) Opening Stock 62,500 Capital 4,66,000 Debtors 75,000 Creditors 43,750 Purchases 5,00,000 Sales 8,75,000 Carriage 10,000 Wages and Salaries 10,000 Commission 16,750 Machinery 1,38,750 Furniture 25,000 Bad Debts Recovered 8,000 Bills Receivable 37,500 Bills Payable 33,750 Land and Building 5,00,000 Insurance 21,250 10% Bank Load 50,000 Interest on Bank Loan 3,000 Bank 24,500 Drawings 62,500 Input CGST 15,000 Input SGST 15,000 Input IGST 10,000 Output CGST 19,000 Output SGST 19,000 Total 15,31,250 15,31,250 ​ Adjustments:(i) Value of the Closing Stock as on 31st March, 2018 is ₹50,000.(ii) Wages and Salaries outstanding are ₹12,500 and Insurance prepaid is ₹5,000.(iii) Depreciate Machinery and Furniture 10% and 15% p.a. respectively. Machinery included a machine which was purchased for ₹38,500 on 30th September, 2017.(iv) Goods costing ₹ 10,000 were taken by the proprietor for his personal use but no entry has been made in the books of account. These goods were purchased paying IGST 18%.