The trial balance of Raj & Co. as on 31st March 2026 is as follows: Particulars Dr (₹) Cr (₹) Sales 430000 Purchases 248000 Sales Return 25000 Purchase Return 18000 Opening Stock 28000 Drawings 18000 Capital 436200 W

The trial balance of Raj & Co. as on 31st March 2026 is as follows: Particulars Dr (₹) Cr (₹) Sales 430000 Purchases 248000 Sales Return 25000 Purchase Return 18000 Opening Stock 28000 Drawings 18000 Capital 436200 Wages 43000 Salaries 56000 Rent & Taxes 30000 General Expenses 22000 Bills Receivable 25000 Bills Payable 33000 Creditors 162000 Debtors 192600 Cash 42000 Furniture 140000 Plant and Machinery 310000 Provision for bad debts 5600 12% Loan (1st December 2025) 50000 Audit fees 6400 Miscellaneous Receipts 51200 Total 1186000 1186000 Adjustments: Stock on 31st March, 2026 was valued at ₹ 35,000. Goods costing ₹ 2,500 were given to staff free of cost while goods costing ₹ 1,500 were taken by the proprietor for personal use. Provide depreciation on Furniture @ 10% p.a. and on Plant and Machinery 20% p.a. Interest accrued but not received ₹ 4,800. Outstanding salary amounts to ₹ 7,500. Included in general expenses is Insurance premium of ₹ 3,800 paid in advance for the next year. Provision for doubtful debts is to be maintained @ 5%. Goods costing ₹ 4,500 were destroyed by fire and insurance company admitted a claim for ₹ 3,500. Claim amount was received on 10th April, 2026. Prepare Trading and Profit and Loss Account for the year ended 31st March, 2026 and Balance Sheet on as that date.