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Prepare Balance Sheet?

Prepare Final Accounts from the Following Balances extracted from the Books of Amit on 31st March 2010.

  • Return Inward Rs. 8,000
  • Factory Fuel Rs. 32,000
  • Bills Payable Rs. 24,000
  • Provision for Doubtful Debts Rs. 6,000
  • Bills Recievable Rs. 50,000
  • Fire Insurance Premium Rs. 4,000
  • Returns Outward Rs. 4,000
  • Salaries Rs. 94,000
  • Interest on Bank Loan Rs. 4,000
  • Commission Recieved Rs. 8,000
  • Bad  Debts Rs. 4,000
  • Stock Rs. 68,000
  • Purchases Rs. 7,40,000
  • Sales Rs. 11,00,000
  • Selling Expenses Rs. 70,000
  • Cash Balance 14,000
  • Capital Rs. 5,00,000
  • Creditors Rs. 1,20,000
  • Bank Loan Rs. 40,000
  • Debtors Rs. 1,74,000
  • Machinery Rs. 2,00,000
  • Drawings Rs. 60,000
  • Building Rs. 2,80,000
  • Closing Stock Rs. 98,800
Trading and Profit & Loss Account
p and l account
Balance Sheet
balance sheet 2
Explanation Video

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