Mrs Bhavana keeps his books by Single Entry System. You.re required to prepare final accounts of her business for the year ended March 31, 2017. Her records relating to cash receipts and cash payments for the above period showed the following particulars : Summary of Cash Dr. Cr. Receipts Amount Rs Payments Amount Rs Opening balance of cash 12,000 Paid to creditors 53,000 Further capital 20,000 Business expenses 12,000 Received from debtors 1,20,000 Wage paid 30,000 Bhavana’s drawings 15,000 Balance at bank on 35,000 March. 31,2017 Cash in hand 7,000 1,52,000 1,52,000 The following information is also available: April. 01, 2016 March. 31, 2017 Rs Rs Debtors 55,000 85,000 Creditors 22,000 29,000 Stock 35,000 70,000 Plant 10,00,000 1,00,000 Machinery 50,000 50,000 Land and Building 2,50,000 2,50,000 Investment 20,000 20,000 All her sales and purchases were on credit. Provide depreciation on plant and building by 10% and machinery by 5%, make a provision for bad debts by 5%.