From the following ledger balances of Mr. Dinesh, prepare a trading account, P\&L account for the current year ended 31st March 2013 and a balance sheet as on that day, after making the necessary adjustments:

Adjustments are required for the following:
(1) Closing stock on 31.3.2013 was valued at ₹1,40,000.
(2) Create provision for bad and doubtful debts at the rate of 5 per cent on sundry debtors.

(3) Provide for depreciation on furniture \& fixtures at 10 per cent per annum and on plant and machinery at 20 per cent per annum.
(4) Insurance paid in advance is ₹ 1,000 .
(5) Commission receivable in arrears is ₹5,000.
(6) Salaries payable are ₹15,000.

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Dinesh's capital Dinesh's drawings Plant and machinery (1.4.2012) Plant and machinery additions (1.7.2012) Stock on 1.4.2012 Purchases during the year Carriage on purchases Furniture and fixtures Carriage on sales Sundry expenses Printing, stationery and postage Rent, rates and taxes Bad debts Sundry creditors Sales Purchase returns Provision for bad and doubtful debts (1.4.2012) Commission received Sundry debtors Insurance charges Salaries Cash in hand Cash at bank *8,00,000 60,000 2,00,000 50,000 1,50,000 8,20,000 20,000 2,00,000 25,000 8,000 12,000 40,000 5,000 95,000 12,00,000 10,000 8,000 16,000 52,000 10,000 2,10,000 62,000 2,05,000