Dr. Sharma has extracted the following trial balance from his books s on 31st March, 2010: S. No.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Particulars Capital Purchases Sundry Debtors Cash in Hand Cash at bank Rent, Rates and Taxes Insurance Premium Salaries Carriage Outward Carriage Inward Sundry Creditors Claim Recoverable Advertisement Suspense Furniture and Fixture Deposit with Supplier Office Equipment Bills Receivables Bad Debts Sales Opening Stock Debit Amount (`) 3,50,000 1,50,000 5,000 7,000 3,000 9,000 40,000 20,000 18,000 60,000 4,000 8,000 23,000 8,000 10,000 5,000 4,000 4,40,000 36,000 Total 6,00,000 6,00,000 Credit Amount (`) 2,00,000

The following further information is provided: A) A purchase invoice for Rs. 20,000 received from sundry creditor has not been entered through oversight. B) The claim recoverable has been settled with insurance company for Rs. 2,000 C) 50% of advertisement suspense account is to be written off this year. D) Depreciation is to be provided on straight-line method on furniture and fixture and office equipment at 5% the original cost were Furniture and fixture Rs. 30,000; Office equipment Rs. 15,000 E) The deposit with a supplier was made on 1 Oct. 2009. It carried @ 12% p.a. F) Provide 2% on sundry debtors for doubtful debts. G) Physical stock of goods in hand on 31 March 2010 at cost was Rs. 80,000. Required: Prepare trading and profit & loss account and balance sheet from the above information.