Fairdealer is the proprietor of a large business of cotton goods. The following Trial Balance was prepared from his books as on 31st December, 1992. Dr. Trial Balance of Mr.Fairdealer for the year ending 31.12.1992 Land & Buildings Purchases Returns inward Rs. 40,000 Sales 3,26,700 Income from Investments Cr. Rs. 4,68,100 990 2,500 12% bank loan secured on fixed assets (no movements during the year) 40,000 Travelling Expenses Printing & Stationery Cash at bank Discount allowed 6,900 1,600 Mr. Fairdealer's Capital a/c 30,795 Bills payable 80,000 2,600 1,800 Miscellaneous 18,620 Accounts Payable 63,100 Expenses Accounts Receivable 64,000 Returns outward 3,700 Postage 800 Discount Received 1,200 Furniture 8,000 Cash in hand 5,900 Motor Car 16,000 Investment (Market 12,000 value Rs.14,000) Drawings 10,000 Bills Receivable 4,800 Inventory (1.1.1992) 63,680 Interest on bank loan 3,000 Salaries (including 22,000 Advance Rs.1,500) Establishment 1,595 Expenses Carriage inwards 3,000 Advertisements 16,000 6,59,690 6,59,690 The following information was obtained. 1. Inventory as on 31st December 1992 was Rs.1,20,000 2. Accounts Receivable include a sum of Rs.3,000 due from B and Accounts Payable include a sum of Rs.4,000 due to B 3. The Reserve for Doubtful Receivables is to be maintained at 10% on Accounts Receivables and Reserve for Discount on Receivables and Discount on payables are to be created at 5%. 4. Bills Receivable include a dishonoured bill for Rs.600 5. Inventory worth Rs.10,000 destroyed by fire on 25.11.1992. in respect of which the insurance company admits claim for only Rs.7,500. 6. The manager of Fairdealer is entitled to a commission of 10% of 9