Question no. 20. On 31st December, 2014, John's books and records were destroyed by fire. Following information was available: (a) Balance Sheet of John as on 31st December, 2013 was as follows: Capital and Liabilities $ Property and Assets Capital 4,20,000 Fixtures 1,00,000 Creditors : Stock 1,50,000 Goods 94,000 Debtors 1,20,000 Electricity Charges 2,000 Rates in advance 4,500 Accounting Charges 5,000 Cash in hand 15,000 1,01,000 Cash at Bnk 1,31,500 5,21,000 5,21,000 (b) The insurance company agreed to pay 95,000 per fixtures and t 1,05,000 for stock without production of accounts; the stock, however, was t 1,15,000. (c) From bank statements and cheque books which were in his house, the following information on payments was available: Personal Expenses 80,000 Rates 13,500 Sundry Expenses 6,500 Rent 51,700 Accountancy Charges 8,000 Goods for Resale 21,58,000 Electricity 7,500 Fixtures 20,000 (d) Total bankings for the year amounted to 24,50,200. (e) All cash takings were banked with the exception of the following payments during the year: (i) An assistant's salary oft 18,000 per annum, (ii) Goods for resale averaging 10,500 per month (iii) Drawings varied between t 20,000 and