Kong Fuser Ltd prepares its financial statements on financial year basis. How would the following transactions during the year 2017–18 affect the Profit and Loss Account and Balance Sheet of the company: 

1. Purchased computer on 1st April 2017 to be used in the office for ₹ 100,000. The useful life of the computer is estimated to be 3 years with zero residual value. 

2. Purchased stationary items for ₹ 20,000 during the year. At the end of the year inventory in hand amounted to ₹ 1,800. 

3. Purchased land for ₹ 3,000,000 on 31st October 2017 for setting up office building. 

4. Paid annual fire insurance premium amounting to ₹ 22,000 on the office car on 1st October 2017. 

5. Received an advance payment of ₹ 1,500,000 from a customer on 28th February 2017, the goods were not yet delivered to him by 31st March 2017. 

6. Salary paid during the year amounted to ₹ 2,400,000 including an advance of ₹ 100,000 paid to one of the employee. Salaries for the month of March 2017 amounting to ₹ 185,000 were paid in April 2017.