The following is the Trial Balance of Pankaj as on 31st March, 2015: Name of Account Debit (₹) Credit (₹) Wages 10,000 Capital – 43,000 Machinery 50,000 – Vehicles 10,000 – Sales return/Purchase return 2,000 1,000 Stock 10,000 – Purchase & Sale 36,000 70,000 Repair 2,000 – Rent 1,000 - Provision for doubtful debts – 700 Bad debts 2,400 – Loan from Bank – 15,000 Interest on Loan 800 – Cash in Hand 16,000 – Debtors & Creditors 12,000 15,300 Commission received 7,200 1,52,200 1,52,200 Adjustment:- (i) Closing stock was valued at ₹ 12,000.(ii) Wages have been paid for 10 months.(iii) Write off ₹ 500 as further bad debts and provide 5% provision for doubtful debts.(iv) Outstanding interest on loan ₹ 700.(v) Depreciate machinery 5%(b) Does question depict any value?