From the following Trial Balance and information, prepare Trading and Profit and Loss Account of Rishabh for the year ended 31st March

\( 20.76 \) 15. From the following Trial Balance and information, prepare Trading and Profit and Loss Account of Rishabh for the year ended 31st March, 2021 and Balance Sheet as on that date: Additional Information: (i) Value of Closing Stock on 31 st March, 2021 at cost was \( ₹ 27,300 \) and its net realisable value (market value) was \( ₹ 30,000 \). (iif) Fire occurred on 23rd March, 2021 and goods costing ₹ 10,000 were destroyed. Insurance company accepted claim of \( ₹ 6,000 \) only and paid the claim money on 10th April, \( 2021 . \) (iii) Bad Debts amounting to \( ₹ 400 \) are to be written off. Provision for Doubtful Debts is to be maintained at \( 5 \% \) and Provision for Discount on Debtors at \( 2 \% \). (ib) Received goods costing \( ₹ 6,000 \) on 27 th March, 2021 but the purchases was not recorded. (v) Rishabh took goods of \( ₹ 2,000 \) for his personal use but was not recorded. (yl) Charge depreciation @ 2\% on Land and Building, @ 20\% on Plant and Machinery and @ 5\% on Furniture.