The following balances have been extracted from the books of M/s Green House for the year ended December 31, 2005, prepare trading and profit and loss account and balance sheet as on this date.

adjustments :

(a) Machinery is depreciated at 10% and buildings depreciated at 6%.

(b) Interest on capital @ 4%.

(c) Outstanding wages Rs. 50.

(d) Closing stock Rs.50,000.

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Account Title Purchases Bank Balance Wages Debtors Cash in Hand Legal Expenses Building Machinery Bills Receivable Office Expenses Opening Stock Gas and Fuel Freight and Carriage Factory Lighting Office Furniture Patent Right Amt. (Rs) Account Title 80,000 Capital 11,000 Bills Payable 34,000 Sales 70,300 Creditors 1,200 Return Outwards 4,000 60,000 1,20,000 7,000 3,000 45,000 2,700 3,500 5,000 5,000 18,800 4,70, 500 Amt. (Rs) 2,10,000 6,500 2,00,000 50,000 4,000 4,70, 500