Question One of your clients, Mr. X has asked you to finalise his accounts for the year ended 31st March, 2021. Till date, he himself has recorded the transactions in books of accounts. As a basis for audit, Mr. X furnished you with the following statement. Dr. Balance Cr. Balance X's Capital 1.556 X's Drawings 564 Leasehold premises 750 Sales 2.750 Duc from customers 530 Purchases 1,259 Purchases return 264 Loan from bank 256 Trade payables 528 Trade expenses 700 Cash at bank 226 Bills payable 100 Salaries and wages 600 Inventories (1.4.2020) 264 Rent and rates 463 Sales return 98 5,454 5,454 The closing inventory on 31st March, 2021 was valued at 574. Mr. X claims that he has recorded every transaction correctly as the trial balance is tallied. Check the accuracy of the above trial balance