The following were the balances extracted from the books of Yogita as on March 31, 2005:

Taking into account the following adjustments prepare trading and profit and loss account and balance sheet as on March 31, 2005 :

(a) Stock in hand on March 31, 2005,was Rs. 6,800.

(b) Machinery is to be depreciated at the rate of 10% and patents @ 20%.

(c) Salaries for the month of March, 2005 amounting to Rs. 1,500 were outstanding.

(d) Insurance includes a premium of Rs. 170 on a policy expiring on September 30, 2006.

(e) Further bad debts are Rs. 725. Create a provision @ 5% on debtors.

(f) Rent receivable Rs. 1,000.

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Debit Balances Cash in hand Cash at bank Purchases Return inwards Wages Fuel and Power Carriage on sales Carriage on purchases Opening stock Building Freehold land Machinery Salaries Patents General expenses Insurance Drawings Sundry debtors Amount Rs. 540 2,630 40,675 680 8,480 4,730 3200 2040 5,760 32,000 10,000 20,000 15,000 7,500 3,000 600 5,245 14,500 Credit Balances Sales Return outwards Capital Sundry creditors Rent Amount Rs. 98,780 500 62,000 6,300 9,000