From the following Trial balance of M/s Sanjay and Vijay, you are required to prepare Trading and Profit and Loss account for the year ended on 31st March, 2010 and Balance Sheet as on that date after taking into consideration the additional information given below. [March 2011]

Trial balance as on 31^st March, 2010

Particulars	Debit balances	Credit balances
Sundry debtors and creditors Bills Receivable and Bills Payable Purchases and sales Return inward Salaries and Wages Carriage outward Insurance premium Postage and Telegram Plant and machinery Advertisement Import duty Bad debts Printing and stationery Cash in Hand Leasehold premises Opening stock Dividend received Outstanding Audit fees 10% bank Loan (Taken on 1.10.09) Capital : Sanjay Vijay	45800 28200 98500 2000 26000 1800 2200 1750 70000 3000 2100 1000 2400 1850 80000 12000	72700 40000 110000 1500 4400 60000 45000 45000
	378600	378600

Additional information:

1.      Closing stock was valued at Rs. 25000

2.      Unused Postage Stamps of Rs. 250

3.      Uninsured goods worth Rs. 8000 were stolen from the godown.

4.      Leasehold property is to be run for 10 years w.e.f. 1. 10. 2009.

5.      Depreciate Plant and Machinery at 10% p.a.

6.      Our customer Mr. Ajay Became insolvent and could not pay his debts of Rs. 2000.

28400	-32000	29000-29000	238100
GROSS PROFIT	NET PROFIT	PARTNERS CAPITAL ACCOUNT BALANCE	BALANCE SHEET TOTAL