Dinesh does not keep systematic books of account due to lack of Knowledge about the double entry system of accounting. He supplies you the following information :
(i) Assests and liabilities March 31, 2017


iii) Transaction during the year:
Cash received from debtors = Rs 80,000
Discount allowed to debtors = Rs 1,400
Bad debts written off = Rs 1,800
Cash paid to creditors = Rs 63,000
Discount allowed by creditors = Rs 1,000
Sales return =Rs 3,000
Purchases return = Rs 2,000
Expenses paid Rs 6,000
Drawings = Rs 5,000
Rent paid = Rs 2,500
(iii) Other information
Outstanding expenses Rs 1,200. Charge 10 per cent depreciation on furniture and 5 per cent on motor van.Dinesh informs that he sells goods at cost plus 40 per cent. A provision of 5 per cent on debtors is to be created. Prepare his trading and profit and loss account and balance sheet as on March 31, 2017