From the following trial balance of Mohan for the year ended 31st March, 2017 and additional information, prepare trading and profit and loss account and balance sheet.
Additional information:
(a) Closing stock is valued at Rs. 15,500
(b) Write off Rs. 500 as bad debts and create a provision for bad debts @ 10% on debtors.
(c) Depreciation @ 10% required
