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Prepare Trading and Profit and Loss account for the year ended 31st March, 2016 and the Balance Sheet as on that date from the following informations?

Adjustments: 

1. Closing Stock on 31st March, 2016 Rs. 2,100. 

2. Commission received in advance Rs. 400. 

3. Advertisement paid in advance Rs. 150. 

4. Wages outstanding Rs. 2,000.

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Balance Sheet as on 31st Match, 2016

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