Mr. Sunrise started a business for buying and selling of stationery with ₹5,00,000 as an initial investment. Of which he paid ₹1,00,000 for furniture, ₹2,00,000 for buying stationery items. He employed a sales person and clerk. At the end of the month he paid ₹5,000 as their salaries. Out of the stationery bought he sold some stationery for ₹1,50,000 for cash and some other stationery for ₹1,00,000 on credit basis to Mr. Ravi. Subsequently, he bought stationery items of ₹1,50,000 from Mr. Peace. In the first week of next month there was a fire accident and he lost ₹30,000 worth of stationery. A part of the machinery , which cost ₹40,000 was sold for ₹45,000.From the above, Answer the following : 1. What is the amount of capital with which Mr. Sunrise started business 2. what are the fixed assets he bought ? 3. what is the value of the goods purchased ?4. who is the creditor and state the amount payable to him ? 5. what are the expenses ? 6. what is the gain he earned ? 7. what is the loss he incurred ? 8. who is the debtor ? what is the amount receivable from him ? 9. what is the total amount of expenses and losses incurred ? 10. Determine if the following are assets, liabilities , revenues , expenses or none of the these : sales , debtors , creditors , salary to manager, discount to debtors , drawings by the owner CLASS 11 CBSE ACCOUNTANCY CHAPTER 1 INTRODUCTION TO ACCOUNTING ( PLEASE ANSWER CORRECTLY IF U SPAM DON'T MAKE ME ANGRY OR SHOUT AT U )