From the following balances, prepare Final Accounts of Mr. Bal Gopal :- Particulars ₹ Particulars ₹ Life Insurance Premium (self) 500 Capital 40,000 Stock (1-4-2017) 7,500 Plant and Machinery 12,500 Returns Inward 1,000 Purchases 36,000 Furniture 4,600 Sundry Debtors 10,500 Freehold Property 10,000 Coal, Gas and Water 1,000 Carriage Inwards 400 Carriage outwards 100 Advertising 200 Sales 60,000 Sundry Creditors 4,850 Discount (Dr.) 400 Returns outwards 500 Rent for Premises Sublet 500 Commission (Cr.) 600 Trade Expenses 8,650 Lighting 250 Stationery 2,000 Loan from bank 5,000 Interest Charged by Bank 450 Wages & Salaries 7,500 Cash 2,900 Input IGST 5,000 Adjustments :-(i) Stock on 31st March, 2018 was ₹ 10,000 and stationery unused at the end was ₹ 400.(ii) Rent of Premises Sublet received in advance ₹ 100.(iii) Provision for Doubtful Debts is to be created 10% on Debtors.(iv) Provision for discount on Debtors is to be created 2%.(v) Stock of the Value of ₹ 4,000 was destroyed by fire on 25th March, 2018. Stock was purchased paying IGST 12%. A Claim of ₹ 3,000 has been admitted by Insurance Co.(vi) Bank Loan has been taken at 12% p.a. interest.