Prepare the trading profit and loss account of M/s Mohit Traders as on 31 March 2006 and draw necessary Journal entries and balance sheet as on that date :

Adjustments

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Debit Balances Opening stock Purchases Cash in hand Cash at bank Return inwards Wages Fuel and Power Carriage inwards Insurance Buildings Plant Patents Salaries Furniture Drawings Rent Debtors Amount Rs. 24,000 1,60,000 16,000 32,000 4,000 22,000 18,000 6,000 8,000 1,00,000 80,000 30,000 28,000 12,000 18,000 2,000 80,000 6,40,000 Credit Balances Sales Return outwards Capital Creditors Bills payable Commission received Amount Rs. 4,00,000 2,000 1,50,000 64,000 20,000 4,000 6,40,000