Question

1.capital 1000000
2.furniture 200000
3.loans and advances 100000
4.prepaid expenses 5000
5.land nad buildings 200000
6.salary 100000
7.audit 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 nad loss account and balance sheet

Answer 1

Answer:

adjustments:

capital 1000000

2.furniture 200000

3.loans and advances 100000

4.prepaid expenses 5000

5.land nad buildings 200000

6.salary 100000

7.audit fees 30000

8.rent received 200000

9.goodwill 70000

10.cash account 495000

.outstanding salary 10000

2.interest received on loan 20000

3.reproduction of furniture 5000

4.furniture sold 190000

prepare profit nad loss account and balance sheet