Your response should demonstrate your commitment to academic integrity. Copying from AI systems is unethical and will result in downvotes ThefollowingistheTrialBalanceofFalgunLtd.,ason$31$stMarch,$2023$:Particulars DebitAmt.in$()$ CreditAmt.in$()$EquityShareCapital$($Fullypaid$-$upsharesof$100$each$)10,00,00010\%$PreferenceShareCapitalofFaceValue$100$each $4,00,000$GeneralReserve $2,85,0002,00010\%$Debenturesof$100$each $2,00,000$SecuritiesPremiumAccount $50,000$Land$($atCost$)7,00,000$ PlantandMachinery $14,70,000$ Furniture $4,00,000$ ProvisionforDepreciation$-$PlantandMachinery $3,00,000$ProvisionforDepreciation$-$Furniture $1,90,000$TradeReceivables $3,10,000$ TradePayables $72,000$Cash$-$in$-$Hand $1,34,000$ Cash$-$at$-$Bank $3,05,000$ BankOverDraftsfromNationalizedbank$($LongTerm$)2,00,000($SecuredbyHypothecationofStocks$)6\%$ Secured Loan from State Finance Corporation $($repayable after $3$ years$)($Secured by Hypothecation of Plant and Machinery$)4,50,000$UnclaimedDividend $23,000$LoanfromDirector$($ShortTerm$)1,00,000$AdjustedPurchases $2,25,000$ ClosingStock $1,12,000$ Sales $8,46,000$CarriageInward $17,200$ MiscellaneousExpenses $10,200$ SellingandDistributionExpenses $46,600$ Depreciation $1,80,000$ Salaries $72,000$ Director'sFees $40,000$ TravellingExpenses$($include$50,000/-$forforeigntour$)1,30,000$ ProfitandLossAccount $40,000$OfficeExpenses $28,000$ RentReceived $24,000$Total $41,80,00041,80,000$AdditionalInformation:$($i$)$ AuthorizedCapital$-$dividedinto$-($a$)20,000$equitysharesof$100$each.$($b$)10,00010\%$preferencesharesor$100$each$($ii$)$ Equitysharesinclude,$2,500$equitysharesissuedforconsiderationotherthancash. $($iii$)$ ThecompanyhaslandprofessionallyvaluedanddecidestoincludeitintheBalancesheetat its valuation of $8,50,000.($iv$)$ It is proposed to capitalize part of the undistributed profits by making bonus issue to theshareholders by allocating one equity share of $100$ each for every $5$ shares held.$($v$)$ Trade Receivables of $46,000$ are due for more than six$$ months. There is no doubtful amount.$($vi$)$ Depreciationexpensesincludedepreciationof$1,10,000$onPlantandMachineryandthat of $70,000$ on Furniture.$($vii$)$ Cash$-$at$-$Bankinclude$55,000$withDesireBankLtd.,whichisnotscheduledBank.$($viii$)$ Miscellaneousexpensesincluded$5,000$beingauditfeespaidtoauditors.$($ix$)$ BillReceivablesfor$35,000$maturingon$31$stJuly,$2023$hasbeendiscounted.$($x$)$ Balance of secured loan from State Finance Corporation is inclusive of$`36,000$ for interest accrued but not due.$($xi$)$ Directors declared final dividend @ $8\%$ on $6$th April,$2023,$ transferring any amount that may be required from General Reserve. Ignore Taxation.$($xii$)$ Interestondebenturefortheyearisoutstandingason$31$stMarch,$2023.$Youarerequired to prepare Balance Sheet as on $31$st March, $2023$ and Statement of Profit and Loss with Notes to Accounts for the year ending $31$st March, $2023$ as per Schedule III of the Companies Act, $2013.$ Ignore previous years' figures. $($Ignore taxation$).($All workings shouldformpart of the answer$)$