Prepare the trading and profit and loss account of M/s Roni Plastic Ltd. from the following trial balance and a balance sheet as at March 31, 2006.

Adjustments 1. Depreciation on land and building at @ 5% and Motor vehicle at @ 15%.
2. Interest on loan is @ 5% taken on April 01, 2005.
3. Goods costing Rs1,200 were sent to a customer on sale on return basis for Rs. 1,400 on March 30, 2006 and has been recorded in the books as actual sales.
4. Salaries amounting to Rs. 1,400 and Rates amounting to Rs. 800 are due.
5. The bad debts provision is to be brought up to @ 5% on sundry debtors.
6. Closing stock was Rs. 13,700.
7. Goods costing Rs. 1,000 were taken away by the proprietor for his personal use but not entry has been made in the books of account.
8. Insurance pre-paid Rs. 350.
9. Provide the manager’s commission at @ 5% on Net profit after charging such commission.

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Debit balances Drawings Sundry debtors Carriage outwards Establishment expenses Interest on loan Cash in hand Stock Motor car Cash at bank Land and Buildings Bad debts Purchases Sales return Advertisement Carriage inward Rates, taxes, insurance General expenses Bills receivable Amount Rs. 6,000 38,200 2,808 16,194 400 6,100 11,678 18,000 9,110 24,000 1,250 1,34,916 15,642 4,528 7,858 7,782 8,978 13,764 3,27,208 Credit balances Creditors Capital Loan on mortgage Bad debts provision Sales Purchases return Discount Bills payable Rent received Amount Rs. 16,802 60,000 17,000 1,420 2,22,486 2,692 880 5,428 500 3,27,208