Question

1.capital 1000000
2.furniture 200000
3.land and buildings 200000
4.prepaid expenses 5000
5.loans and advances 100000
6.salary 100000
7.auditors fees 30000
8.rent received 200000
9.goodwill 70000
10.cash account 495000
adjustments:
1.outstanding salary 10000 2.interest received on loan 20000
3.reproduction of furniture 5000
4.furniture sold 190000 prepare profit and loss account and balancesheet​

Answer 1

Answer:

I don't know anything about it