Question: answer immediately please begin{tabular}{|l|r|r|} hline Particulars & Debit & Credit hline Cash in hand & 2000 & hline Cash in bank & 18000


answer immediately please
\begin{tabular}{|l|r|r|} \hline Particulars & Debit & Credit \\ \hline Cash in hand & 2000 & \\ \hline Cash in bank & 18000 & \\ \hline Purchase of raw material & 220000 & \\ \hline Sales from operations & & 350000 \\ \hline Sales Returm & 6000 & \\ \hline Purchase Return & & 7500 \\ \hline Transportation cost on purchases & 6500 & \\ \hline Fuel and power expenses & 15500 & \\ \hline Raw Material (1-4-2016) & 36000 & \\ \hline Bad debts written off & 3700 & \\ \hline Sundry Debtors & 82000 & \\ \hline Sundry Creditors & & 30000 \\ \hline Equity Paid-up Capital & & 217000 \\ \hline Investments in Financial Assets & 20000 & \\ \hline Interest on Investments in Financial Assets & & 2000 \\ \hline Loan from Bank @ 18\% p.a. & & 10000 \\ \hline Repairs \& Maintenance Expenses & 1520 & \\ \hline General expenses & 10600 & \\ \hline Purchase of Plant \& Machinery & 180000 & \\ \hline Wages and Salaries & 18000 & \\ \hline Miscellaneous Receipts & & 120 \\ \hline \end{tabular} Additional Information: (a) Write-off Rs. 2000 crores as bad debts and provision for doubtful debts is to be maintained at 5% on debtors. (b) Loan from Bank was taken on 1st August 2016. No interest has been paid so far (interest outstanding). (c) Included in general expenses is insurance premium Rs. 1200 crores paid for one year ending 30th June 2017. (d) Closing stock as on 31st March 2017 was valued at Rs. 50000 crores. You are required to prepare statement of income \& expenditure, and statement of sources and applications of funds of your company during financial year 2016-17
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