Following balances have been extracted from the trial balance of M/s Keshav Electronics Ltd. You are required to prepare the trading and profit and loss account and a balance sheet as on March 31, 2017.

The following additional information is available :
1. Stock on March 31, 2017 was Rs. 30,000.
2. Depreciation is to be charged on building at 5% and motor van at 10%.
3. Provision for doubtful debts is to be maintained at 5% on Sundry Debtors.
4. Unexpired insurance was Rs. 600.
5. The Manager is entitled to a commissiion @ 5% on net profit after charging such commission.