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 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
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