Prepare balance sheet as at 31 03 2019 Capital Rs 50,000 ; Debtors Rs 12,000; Cash in hand Rs - Accountancy - Bank Reconciliation Statement

Question

Prepare balance sheet as at 31 03 2019
Capital Rs 50,000 ; Debtors Rs 12,000; Cash in hand Rs 2,000 Bill's
receivables Rs 4,000; Creditors Rs 8,000; Machinery Rs 8,000;
Building Rs 20,000; Furniture Rs 6,000; Net profit Rs 10,000;
Bill's payable Rs 4,500, Drawings Rs 5,000; Investment Rs 7,500;
Loose tools Rs 8,000

Shruti Mishra · Accepted Answer

Dear Student,
Balance Sheet
as at 31 03 2019

Liabilities
Amount
Assets
Amount

Capital 50,000
Less : Drawings (5,000)
Add : Net Profit 10,000
55,000
Debtors
12,000

Creditors
8000
Machinery
8,000

Bills Payable
4,500
Building
20,000

Furniture
6,000

Loose Tools
8,000

Investments
7,500

Bills Receivable
4000

Cash in hands
2000

67,500

Regards

Liabilities	Amount	Assets	Amount
Capital 50,000 Less : Drawings (5,000) Add : Net Profit 10,000	55,000	Debtors	12,000
Creditors	8000	Machinery	8,000
Bills Payable	4,500	Building	20,000
		Furniture	6,000
		Loose Tools	8,000
		Investments	7,500
		Bills Receivable	4000
		Cash in hands	2000

	67,500		67,500