The balance sheet of ABC as on 1 st April, 2024 was as follows: Particulars Amount (₹) Particulars Amount (₹) Sundry Creditors 8,12,500 Furniture…

The balance sheet of ABC as on 1 st April, 2024 was as follows: Particulars Amount (₹) Particulars Amount (₹) Sundry Creditors 8,12,500 Furniture and Fixtures 8,12,500 Expenses Payable 93,750 Vehicle 3,43,750 Capital 27,50,000 Trade Receivable 13,75,000 Cash at Bank 5,93,750 Inventories 5,31,250 36,56,250 36,56,250 During 2024-25, his Profit and Loss Account revealed a net profit of 8,37,500. This was after allowing for the following: (i) Commission paid to selling agent - 81,250 (ii) Discount received from creditors - 93,750 (iii) Purchased a vehicle of 62,500 on 31 st March, 2025 (iv) Depreciation on Furniture and Fixtures @10% and on Vehicle @20%. (v) A provision for doubtful debts @3% of the trade receivables as at 31 st March, 2025, but while preparing the Profit and Loss Account he had forgotten to provide for (1) Prepaid expenses - 18,750 and (2) Outstanding commission - 43,750. His current assets and liabilities on 31 st March, 2025 were: Inventories - 8,12,500. Trade Receivables - 16,25,000 (before provision for doubtful debts), Cash at Bank - 6,87,500 and Trade Payables - 1,82,500. During the year he introduced further capital of 3,75,000 into the business. You are required to prepare the balance sheet as at March, 31,2025.