From the following balances of M/s Nilu Sarees as on March 31, 2005. Prepare trading and profit and loss account and balance sheet as on date.

Closing stock as on March 31, 2005 Rs.22,000.

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Account Title Opening stock Purchases Carriage inwards Salaries Commission Wages Rent & taxes Repairs Telephone expenses Legal charges Sundry expenses cash in hand Debtors Machinery Investments Drawings Debit Amount Rs. 10,000 78,000 2,500 30,000 10,000 11,000 2,800 5,000 1,400 1,500 2,500 12,000 30,000 60,000 90,000 18,000 Account Title Sales Capital Interest Commission Creditors Bills payable Credit Amount Rs. 2,28,000 70,000 7,000 8,000 28,000 2,370