Following are the ledger balances presented by M/s P. Sen as on 31st March 2015 Rs. 10,000 Sales 1,60,000 Return Inwards. Stock (1-4-2014) Purchases Carriage Inwards Wages Freight Additional information: 10,000 Return Outwards 30,000 Royalty on production 8,000 Gas and Fuel Rs. 3,00,000 16,000 10,000 6,000 2,000 1. Stock on 31.3.2015 at market price Rs.24,000 and cost price Rs.20,000 2. Stock valued at Rs.10,000 were destroyed by fire and insurance company admitted the claim to the extent of Rs.6,000 3. Goods purchased for Rs.6,000 on 29th March, 2015 but still lying in transit, not at all recorded in the books 4. Goods taken by the proprietor for his own use Rs.3,000 5. Outstanding wages amounted to Rs.4,000 6. Freight was paid in advance for Rs.1,000