(a) Classify the following items into current assets, fixed assets, proprietary funds and current liabilities and prepare a balance sheet for Dilli Durbar Company as at March 31, 20X7:

Additional Information:

(b) Provide for depreciation on plant and machinery at the rate of 10% per annum.

(c) Sundry debtors include `500 for goods supplied to a customer, who has become insolvent.

(d) Insurance charges for stock insurance are paid on September 30, 20X6.

Item Land Building Plant & machinery Closing stock: Raw material Work in progress Finished goods Salary payable Wages payable Amount 2,50,000 1,00,000 50,000 15,000 10,000 25,000 15,000 13,000 Item Electricity payable Sundry debtors Bills payable Insurance charges Marketable securities Cash in hand Cash at bank Profit for the year Sundry creditors Amount 2,000 40,000 60,000 1,00,000 60,000 25,000 35,000 30,000 1,10,000