From the following trial balance of Mr. A. Lal, prepare trading, profit and loss account and balance sheet as on March 31, 2005

Closing stock Rs. 15,000.

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Account Title Stock as on April 01, 2005 Purchases and Sales Returns inwards and outwards Carriage inwards General expenses Bad debts Discount received Bank over draft Interest on bank overdraft Commission received Insurance and taxes Scooter expenses Salaries Cash in hand Scooter Furniture Building Debtors and Creditors Capital Debit Amount Rs. 16,000 67,600 4,600 1,400 2,400 600 600 4,000 200 8,800 4,000 8,000 5,200 65,000 6,000 Credit Amount Rs. 1,12,000 3,200 1,400 10,000 1,800 16,000 50,000