The trial balance of B & B company as of 31st December 2025 is given below: ParticularsDebit (Rs.)Credit (Rs.)Common stock 350,000Building200,000 Goodwill50,000 Plant and equipment300,000 10% bank…

The trial balance of B & B company as of 31st December 2025 is given below: ParticularsDebit (Rs.)Credit (Rs.)Common stock-350,000Building200,000-Goodwill50,000-Plant and equipment300,000-10% bank loan-120,000Revenue from operation-600,000Purchases300,000-Wages20,000-Salaries23,000-Cash at bank20,000-10% investment100,000-Account payable-90,000Account receivable60,000-Commission received-10,000Prepaid insurance22,000-Office rent38,000-Interest on investment-5,000Promotional expenses30,000-Interest on loan12,000-Total1,175,0001,175,000 Adjustment: Closing stock during the year Rs 40,000. Depreciation of building was 5% and plant and equipment was 25% during the year. Salary to be paid Rs 7,000. Prepaid insurance expired during the year Rs 600. Required: a. Profit and Loss Statement for the year ending 31st December as per NFRS. b. Statement of Financial Position as on 31st December as per NFRS.