Liabilities 2012 2013 Assets 2012 2013 Equity share capital 300000 400000 Fixed asset 400000 550000 Profit & Loss 85000 110000 Stock 200000 225000 Bank Loan 100000 75000 debtor 210000 190000 80000 135000 Bill receivable 80000 110000 Accumulated Depreciation Creditor 310000 295000 bank 30000 Proposed dividend 45000 60000 1 A piece of machinery costing Rs 60000 on which accumulated depreciation was Rs 15000 was sold for Rs 30000