Less Drawings 6,000 11,300 17,700 17,700 Illustration 14: The following is the balance sheet of the retail business of Mr. Ram as at 31 December, 1993: Rs. Rs 25,000 75,000 Mr. Ram's capital 1,25,000 Furniture and fittings Creditors for goods 30,000 Stocks Outstanding expenses (rent) 1,000 Sundry debtors Cash at bank Cash in hand 1,56,000 20,000 35,000 1,000 1,56,000 r36 You are furnished with the following information: (1) Mr. Ram always sells his goods at a profit of 25% on sales. (2) Goods are sold for cash and credit. Credit customers pay by cheque only (3) Payments for purchases are always made by cheque. (4) It is the practice of Mr. Ram send to the bank every week-end the takings of the week after paying every week salaries of Rs. 250 to the clerk, sundry expenses of Rs. 50 and personal expenses Rs. 100. Analysis of the bank pass book for the period ending 31st March, 1994 disclosed the following: Rs. Payments to creditors Payment of rent 75,000 4,000 Amount remitted to the bank 1,35,000 including cheques for Rs. 10,000 received from customers to whom the goods were sold on credit. The following are the balances on 31" March, 1994: Rs. Stock 32,500 Creditors for goods 32,500 Sundry debtors 30,000 On the evening of 31 March, 1974 the cashier absconded with the available cash in the cash box. You are required to prepare a statement showing the amount of cash defalcated by the cashier and also a profit and loss account for the period ended 31st March, 1994 and a balance sheet as on that date