Additional Information 1. 10 percent sales and purchases are on cash 2. Credit to debtors: one month on an average, 50% of debtor will make payment on the due date while the rest will make payment one month thereafter 3. Credit from creditors: 2 months 4. Wages to be paid twice in a month on the 1st and 16th respectively 5. Expenses are generally paid within the month 6. Plant costing Rs. 1.00 lakh will be installed in February on payment of 25% of the cost in addition to the installation cost of Rs. 5000 , balance to be paid in three equal instalments from the following moth. 7. Opening cash balance is Rs. 2 lakhs