Given is the summarized statement of cash pertaining to a lawyer for the previous income year. Receipts Amount Payments Amount To Balance b/d Cash in hand50,000By Office expenses80,000Cash at…

Given is the summarized statement of cash pertaining to a lawyer for the previous income year. ReceiptsAmountPayments****AmountTo Balance b/d- Cash in hand50,000By Office expenses80,000Cash at bank250,000By Computer Purchased (Ashwin)150,000To Legal fees695,000By Telephone & Communication expenses30,000To Gifts and present from clients350,000By Salary to office assistants180,000To consultation fees after TDS85,000By Life insurance premium of lawyer35,000To Agriculture income40,000By Pollution control cost40,000To interest or local money transaction120,000By Office rent150,000To Causal income received30,000By Water Electricity expenses30,000To Other professional incomes75,000By Hospitality and entertainment expenses20,000To sales of old paper and journal5,000By Heal insurance premium (own)15,000By Donation to remote area school50,000By printing & stationary expenses30,000By Balance C/d890,000Total1,700,000Total****1,700,000 Further information: a. Water/electricity expenses are used equality for professional and personal purpose b. Office expenses include Rs. 10,000 paid to domestic helper.