Ajay and Vijay are partners sharing profits and losses in the ratio of 2:3. Their Trail balance as on 31st march, 2005 is given below.You are required to prepare trading A/c and profit and losses A/c for the year ended on 31st March, 2005 and a balance sheet as on that date after taking account the given Adjustments:Dr. Trial balance as on 31st March, 2005 Cr.Particulars Amt. Rs. particulars Amt. RsPurchases 1,00,000 Capitals:Patent rights 4,000 Ajay 32,000Building 1,00,000 Vijay 38,000Stock (1.4.2004) 13,000 Provident fund 7,000Printing and stationary 1,750 Creditors 45,000Sundry debtors 35,000 Bank loan 12,000Wages and salaries 12,000 Sales 1,58,000Audit fees 1,700 Reserve for doubtful debts 250Sundry expenses 2,500 Purchase return 3,500Furniture 8,00010% investment (purchased on 30.09.2004) 10,000Cash 4,000Provident fund contribution 800Carriage inward 300General expenses 2,7002,95,750 2,95,750Adjustments:1) Closing stock is valued as cost Rs 15,000 while its market price is Rs 20,0002) On 31st march, 2005 stock of stationery was Rs 2003) Provide for reserve for doubtful debts @ 6% on debtors.4) Depreciate building @ 10% and patents @ 5%.5) Interest on capital is to be allowed @ 5%.6) Goods of Rs 15,000 were destroyed by fire. The insurance company admitted a chain for Rs 10,000. solve the question​