Prepare Trading and Profit and Loss Account and Balance Sheet from the following Trial Balance and information as on 31st March, 2019: Name of Account Debit (₹) Credit (₹) Drawings and Capital 15,000 3,25,000 Plant and Machinery 2,00,000 – Motor Vehicle 1,50,000 – Return Inward and Outward 25,000 37,000 Stock on 1st April, 2018 82,000 – Purchases and Sales 4,40,000 6,75,000 Carriage Inward 6,000 – Trade Expenses 2,500 – Bad Debts 4,250 – Provision for Doubtful Debts – 6,000 Commission – 4,000 Rent, Rates & Taxes 12,000 – Salaries and Wages 24,000 – Debtors and Creditors 70,000 55,000 Fuel and Water 4,750 – Cash in Hand 16,500 – Cash at Bank 50,000 – Total 11,02,000 11,02,000 Adjustments:(i) Closing Stock was valued at ₹ 1,12,500.(ii) Commission include ₹ 1,200 being commission received in advance.(iii) Salaries and wages is outstanding for the month of Feb. & March, 2019.(iv) Depreciate Plant & Machinery by 15% and Motor Vehicle by 20%.(v) Write off ₹ 500 as further Bad Debts and maintain provision for doubtful debts at 1% on debtors.