Following is the incomplete information of Moonlight Traders: The following balances are available as on 31.03.2023 and 31.03.2024. Balances…

(a) In the Books of Moonlight Traders Trading Account for the year ended 31.03.2024 Particulars ₹ Particulars ₹ To Opening Stock A/c (Bal. fig.) 1,65,000 By Sales (W.N.1) 12,50,000 To Purchases (W.N.2) 9,00,000 By Closing Stock 65,000 To Gross profit (₹ 12,50,000x 25/125) 2,50,000 13,15,000 13,15,000 Profit and Loss Account for the year ended 31.03.2024 Particulars ₹ Particulars ₹ To Discount 5,500 By Gross profit 2,50,000 To Salaries Expenses 32,000 By Discount 4,500 To Office expenses (W.N.3) 37,000 To Selling expenses 15,000 84,000 To Interest on loan (12% on 1,60,000) 19,200 To Loss on sale of Machinery (WN - 4(c) 15,000 To Depreciation: Plant & Machinery (W.N4b) 23,750 Office Equipment (W.N.5) 12,750 36,500 To Net profit after tax 94,300 2,54,500 2,54,500 Balance sheet as at 31.3.2024 Liabilities Particulars ₹ Assets ₹ Capital (W.N.6) 8,95,500 Land 5,00,000 Add: Net Profit 94,300 9,89,800 Plant and Machinery (W.N.4a) (₹ 3,30,000 -21,750) 3,08,250 Creditors for Purchases (W.N.8) 1,05,500 Office Equipment (₹ 85,000 -12,750) 72,250 Outstanding expenses 15,000 Debtors (W.N.7) 2,25,000 Loan from FBI 1,00,000 Stock 65,000 Bank Balance (W.N.9) 39,800 12,10,300 12,10,300 Working Notes: 1. Calculation of Total Sales Cash Sales - 2,50,000 Credit Sales (80% of total sales) Cash Sales (20% of total sales) Thus, total Sales (₹ 2,50,000 x 100/20)₹ 12,50,000 Credit Sales (₹ 12,50,000 x 80/100)₹ 10,00,000 2. Calculation of Total Purchases Credit Purchases - 5,40,000 Cash Purchases (40% of total purchases) Credit Purchases (60% of total purchases) Thus total Purchases (₹ 5,40,000 x 100/60)₹ 9,00,000 Cash Purchases (₹ 9,00,000 x 40/100)₹ 3,60,000 3. Office Expenses Account Particulars ₹ ₹ To Bank A/c 42,000 By Balance b/d 20,000 To Balance c/d 15,000 By Profit & loss A/c (bal fig) 37,000 57,000 57,000 4. (a) Plant and Machinery Account Particulars ₹ ₹ To Bal b/d 2,20,000 By Sale 40,000 To Purchases (bal fig) 1,50,000 By Bal c/d 3,30,000 3,70,000 3,70,000 (b) Depreciation calculations on Plant & Machinery Particulars ₹ Depreciation on 1,80,000 x 10% (for full year) 18,000 1,50,000 x 10% x 3/12 (for3 months) 3,750 40,000 x 10% x 6/12 (for6 months) 2,000 23,750 (c) Sale of Machinery Account Amount (₹) Amount (₹) To Plant & Machinery 40,000 By Depreciation 2,000 By Profit and Loss A/c 15,000 By Bank 23,000 40,000 40,000 5. Depreciation calculations on Office Equipments Particulars ₹ Opening Balance 1,05,000 Less: Closing Balance (85, 000) Sale of Office Equipments 20,000 Balance of Office Equipments after sale 85,000 Depreciation @15% 12,750 6. Balance Sheet as on 31.03.2023 Particulars ₹ ₹ Creditors 95,000 Land 5,00,000 Creditor for Exp. 20,000 Plant & Machinery 2,20,000 Loan 1,60,000 Office Equipment 1,05,000 Capital (Bal. fig.) 8,95,500 Debtors 1,55,500 Stock 1,65,000 Bank 25,000 11,70,500 11,70,500 7. Sundry Debtors A/c Particulars ₹ ₹ To Balance b/d 1,55,500 By Bank 9,25,000 To Sales 10,00,000 By Discount 5,500 By Bal. c/d 2,25,000 11,55,500 11,55,500 8. Sundry Creditors A/c Particulars ₹ ₹ To Bank 5,25,000 By Balance b/d 95,000 To Discount 4,500 By Purchases 5,40,000 To Balance c/d 1,05,500 6,35,000 6,35,000 9. Bank Account Particulars ₹ ₹ To Balance b/d 25,000 By Creditors 5,25,000 To Debtors 9,25,000 By Office Expenses 42,000 To Cash Sales 2,50,000 By Salary Expense 32,000 To Sale of Machinery (W.N.4c) 23,000 By Selling Expenses 15,000 To Sale of equipment 20,000 By Purchases (cash) 3,60,000 By Purchase of Machinery 1,50,000 By Bank Loan & Interest (₹ 60,000+19,200) 79,200 By Balance c/d 39,800 12,43,000 12,43,000