Land Illustration 26 968 Rico Traders prepared the following Trial Balance with the balances of the accounts drawn on 31 December, 2016: Particulars Dr. (3) Cr.) Capital 5.00.000 Sundry Creditors 45,000 Goods Sent on Consignment 30,000 Provision for Doubtful Debt 10.000 Provision for Depreciation 15,000 Bank Loan (Interest rate 15% p.a.) 10.000 Consignment (Profit) 5.000 3.20.000 Furniture 40.000 Debtors 80.000 Opening Stock 60.000 Closing Stock 75.000 Purchase (Less Closing Stock) 1,30,000 Rent 9,000 Carriage inward 1,000 Carriage outward 5.000 Return inward 4.000 Salary 40.000 Advertisement 10,000 Stationery and Printing 5,000 Discount 6.000 4.000 Advance Salary 3,500 Electricity and Telephone 6,800 Sales 2.10.000 Bills Payable 15,000 Cash in Hand 28.700 Cash at Bank 20.000 TOTAL 8.44,000 8.44,000 Adjustments : (a) The closing stock was valued at market price. But the cost price per unit of product was 12 which at that time was lower than market price by? 3. (b) 35,000 which was receivable from the consignee was included in Debtors Account. Bad debt was