Following is the trial balance of a Shrestha Store on the year ending December, 31, 2021.

Particulars Dr. Rs. Particulars Cr. Rs.

Office equipment 2,000 Capital 210,000

Furniture 100,000 10% loan 70,000

Debtors 90,000 Sales 815,000

Purchase 540,000 Creditors 48,000

Opening stock 45,000 Commission 5,000

Rent 40,000

Cash in hand and bank 25,000

Drawing 8,000

Salary 48,000

Carriage inward 7,000

Prepaid insurance 15,000

Discount allowed 4,000

Wages 23,000

Sales commission 10,000

Bad debts 2,000

Carriage on sales 8,500

Vehicle 150,500

11,48,000 11,48,000

Adjustment

i. Provide depreciation on furniture, 10 percent and vehicle 20 percent.

ii. Prepaid insurance expired Rs. 5,000 only.

iii. Advance salary Rs 10,000.

iv. Closing stock Rs 50,000

v. Interest on loan is payable

Required:

a) Trading account

b) Profit and loss account

c) Balance sheet