The following is the trial balance of VK & Sons on 31st March, 2026: Particulars Dr (₹) Cr (₹) Capital 8,00,000 Opening Stock 1,00,000 Purchase and Sales 6,00,000 9,50,000 Sales returns 20,000 Wages 50,000 Interest o

The following is the trial balance of VK & Sons on 31st March, 2026: Particulars Dr (₹) Cr (₹) Capital 8,00,000 Opening Stock 1,00,000 Purchase and Sales 6,00,000 9,50,000 Sales returns 20,000 Wages 50,000 Interest on Ram's loan 10,000 Manufacturing expenses 60,000 Salaries 34,000 Insurance 15,000 Provision for doubtful debts 18,000 Bad debts 3,000 Bills payable (B/P) 50,000 Interest 10,000 Building 4,00,000 Machinery 5,00,000 Furniture 20,000 Motor car 3,00,000 Debtors and Creditors 2,54,000 4,00,000 Drawings 25,000 Cash in hand 8,000 Motor car expenses 6,000 Loan from Ram from April 1, 2025 at 12% interest p.a. 3,00,000 Bank deposit 1,00,000 Depreciation on Machinery 20,000 Accrued interest on bank deposit 3,000 Adjustments: Closing stock ₹ 2,50,000. The insurance premium instalment was paid on 1st July, 2025 for 12 months. The installing charges of machine ₹ 10,000 were posted to wages account. Goods costing ₹ 8,000 were sent to a customer on sale or approval on 31st March, 2026, but were wrongly entered as sales for ₹ 10,000. Write off further bad debts for ₹ 4,000 and increase provision for doubtful debts by ₹ 20,000. Charge depreciation on Motor Car at 10% p.a., 1/3 part of Motor Car is used for private purpose. A bill of ₹ 50,000 was discounted on 25th March, 2026, the due date of which was 16th April, 2026. Prepare Trading Account, Profit & Loss Account for the year ended 31st March, 2026 and Balance Sheet as on that date.