From the trial balance and additional information of mr raj

Question

From the following Trial Balance and additional information of Mr Raj, prepare Trading and Profit and Loss Account for the year ended on Mar 31, 2009 and the Balance Sheet as on that date.

Particulars	Debit Dr. Rs	Credit Rs
Capital	-	69,214
Purchases/Sales	33,729	50,350
Bad Debts	1,155	-
Rent	5,500	3,250
Wages	10,480	-
Building	30,000	-
Machinery	8,000	-
Salaries	20,800	-
Debtors (including Goel's dishonoured bills of Rs 400)	16,850	-
Printing and Advertising	7,300	-
Commission Received	-	8,500
Creditors	-	9,500
	1,33,814	1,33,814

Additional Information

1. Wages include a sum of Rs 2,000 spent on the erection of a cycle shed for employees and customers and Rs 1,000 for preparation of new machinery on Jan 1, 2009.
2. Depreciate machinery and building by 5%.
3. Remuneration of Rs 1,000 paid to an employee was debited to his personal account.
4. Sundry Creditors include an amount of Rs 2,750 received from Rajeev and credited to his account. The amount was written off as a bad debt in the previous year.
5. Goods costing Rs 250 were taken by the proprietor for his personal use but no entry was made in the books of accounts.
6. Goods costing Rs 300 were sent to a customer on sale or return for Rs 350 on Mar 27, 2009 and were recorded in the books as actual sale.
7. A fire occurred on Mar 15, 2009 in the godown and goods worth Rs 500 were destroyed. It was fully insured but the insurance company admitted the claim for Rs 300.
8. 50% of the amount of Goel's bill is irrecoverable.
9. Create a provision of 5% on debtors.
10. One-third of the commission received is in respect of work to be done next year.
11. Rent has been paid for 11 months but received for 13 months.
12. Included among the debtors is Rs 1,500 due from Rohit and included among the creditors Rs 500 due to him.
13. Provide for personal income tax @ 10% on net profit in excess of Rs 25,000.
14. Stock in hand on Mar 31, 2009 was valued as Rs 55,944.
15. Manager is entitled to a commission of 5% on net profit after charging his commission.