Roshan, whose accounts are maintained by Single Entry System, acquired a retail business on 1st April, 2017. He had ₹ 40,000 of his own and he borrowed ₹ 20,000 from his wife. He paid ₹ 15,000 for Goodwill ₹ 5,000 for Furniture and ₹ 35,000 for Stock. Total cash received by him during the financial year from the Debtors was ₹ 2,30,000. His payments were: Purchases – ₹ 1,56,000 Salary and Wages – ₹ 21,400 Trade Expenses – ₹ 7,200 Rent: For business premises – ₹ 5,920 For private house – ₹ 2,960 Payments made for domestic purposes and drawings – ₹ 26,400 At the end of the year, the Stock was ₹ 37,500. He owed ₹ 13,500 to Creditors for goods and his customers owed to him ₹ 15,000. Provide 5% for Depreciation on Furniture, Interest at 5% on wife’s Loan and ₹ 1,000 for Doubtful Debts. Prepare the Cash Account, the Profit and Loss Account for the year ended 31st March, 2018 and the Balance Sheet at the close of the year.