Question - 18

From the following balances prepare Trading and profit and loss A/c and balance sheet for the year ended 31st Dec., 2000.
Trial Balance 

Purchase (Dr.) Rs. 68,300
Fixture (Dr.) Rs. 4500.
Sales (Cr.) Rs. 92,000
Return outwards (Cr.) Rs. 2,200
Travelling exp. (Dr.) Rs. 1,400
Opening stock (Dr.) Rs. 1,300
Creditors (Cr.) Rs. 12,800
Loan (Cr.) Rs. 5,000
Capital (Cr.) Rs. 52,500
Carriage inward (Dr.) Rs. 2,400
Rent (Dr.) Rs. 2,200
Discount (Dr.) Rs. 3,750
Pirnting (Dr.) Rs. 720
Insurances (Dr.) Rs. 500
Postal and telegram ( Dr.) Rs. 620
Sundry exp.(Dr.) Rs. 900
Bad debts (Dr.) Rs. 400
Debtors (Dr.) Rs. 22,000
Drawings (Dr.) Rs. 1,910
Building (Dr.) Rs. 36,000.