From the following Trial Balance of Mahesh, prepare his Final Accounts for the year ended 31st March, 2019: Heads of Accounts Debit Balances (₹) Credit Balances (₹) Purchases 2,50,000 … Sales … 5,00,000 Returns Inward 12,000 ... Returns Outward … 10,000 Carriage 8,000 … Wages 60,000 … Miscellaneous Expenses 2,000 … Insurance 1,200 … Repairs 8,000 … Debtors 1,15,000 … Creditors … 1,00,000 Printing and Stationery 6,000 … Advertisement 15,000 … Bills Receivable 4,000 … Bills Payable … 2,000 Opening Stock 30,000 … Cash in Hand 12,000 … Interest on Bank Loan 2,800 … Machinery 2,80,000 … Furniture 34,000 … Drawings 20,000 … Commission … 1,000 12% Bank Loan … 30,000 Capital … 2,40,000 Rent Received … 5,000 Cash at Bank 28,000 … Total 8,88,000 8,88,000 Additional Information:(i) Closing Stock on 31st March, 2019 was ₹ 21,000.(ii) Rent of ₹ 1,200 has been received in advance.(iii) Outstanding liability for Miscellaneous expenses ₹ 12,000.(iv) Commission earned during the year but not received was ₹ 2,100.(v) Goods costing ₹ 2,000 were taken by the proprietor for his personal use but entry was not passed in the books of account.