(ii) The Balance sheet as at that date. 7 marks Particulars Cash in hand Purchases Stock as at 1st January 2015 Debtors Plant and Machinery Furniture Bills receivable Rent and Taxes Wages Salaries Capital Debit (Rs) Credit (Rs) 2,400 240,000 70,000 100,000 120,000 30,000 40,000 20,000 32,000 37,600 200,000 200 44,000 48,000 400,000 692,000 692,000 Bills payable Creditors Sales Total Additional information. 1. Closing stock at 31st December 2015 - Rs 50,000 2. Outstanding wages - Rs 5,000 3. Depreciation on Plants and Machinery at 10% and Furniture at 5%