Draw the Balance Sheet of R. Kumar as at 31st March, 2019 from the following information in the order of permanence:
Cash in Hand Rs 11,200, Sundry Creditors Rs 28,800, Bills Payable Rs 3,500, Bills Receivable Rs 5,300, Sundry Debtors Rs 18,000
Machinery as on 1st April, 2018 Rs 85,000 and Depreciation provided for the year Rs 8,500, Furniture and Fixtures as on 1st April, 2018 Rs 21,000 and Depreciation provided for the year Rs 2,100, Closing Stock Rs 15,400.
Proprietor's Capital Account Rs 90,000, His drawing during the year Rs 8,000. Net Profit as per Profit and Loss Account Rs 31,000

Explanation