Question

1,000 9,000 20.000 100.000 10.000 260,000 C. Balance sheet The following trial balance is related to Gaurav Company, Ans: (a) Rs. 320,200 (b) RE Rs. 8,800 (c) Rs. 264,000 Accounts Titles Cash Debit (Rs.) Credit (Rs.) Prepaid insurance 15,000 Office supplies 5.000 Office equipments 8.000 Dividend paid 60,000 4,000 Accumulated depreciation 10.000 Accounts payable 12.000 Share capital 40,000 Service revenue 60.000 Utility expenses 15,000 Salaries 20,000 Retained earnings 5,000 Total 127,000 127,000 Adjustment information: i. Outstanding salaries Rs. 4,000 ii. Supplies in hand Rs. 3,000 ii . Prepaid insurance expired Rs. 1,000 iv. Depreciation on equipment Rs. 4,000 Required: a. Adjusted trial balance b. Income statement as per Company Act C. Balance sheet as per Company Act Ans: (a) Rs. 135,000 (b) R/E Rs. 12.000 (c) Rs. 50,000 +6.000​

Answer 1

Answer:

you just have to prepare balance sheet