Mr. Sunrise started a business for buying and selling of stationery with ₹ 5,00,000 as an initial investment. Of which he paid ₹ 1,00,000 for furniture, ₹ 2,00,000 for buying stationery items. He employed a sales person and clerk. At the end of the month he paid ₹ 5,000 as their salaries. Out of the stationery bought he sold some stationery for ₹ 1,50,000 for cash and some other stationery for ₹ 1,00,000 on credit basis to Ravi. Subsequently, he bought stationery items of ₹ 1,50,000 from Mr. Parikshit. In the first week of next month there was a fire accident and he lost ₹ 30,000 worth of stationery. A part of the machinery, which cost ₹ 40,000, was sold for ₹ 45,000. From the above, answer the following : 1. Who is the debtor? What is the amount receivable from him? 2. What is the value of the goods purchased? 3.What is the total amount of loss incurred? 4. Who is the creditor and state the amount payable to him?