Question

11. From the following particulars prepare a balance sheet as on 31-12-2012
Particulars
1. Capital Rs.50,000/-
2. Drawings
Rs 10,000/-
3. Land and buildings
Rs 20,000/-
4. Machinery
Rs 18,000/-
5. Furniture
Rs 5,000/-
6. Motor vans
Rs 12,000/-
7. Cash in hand
Rs 2,000/-
8. Bank over draft
Rs 4,000/-
9. Sundry debtors
Rs 6,000/-
10. Bills receivable
Rs 4,000/-
11. Sundry creditors
Rs 9,000/-
12. Bills payable
Rs 5,000/-
13. Loans (cr)
Rs 6,000/-
14. Investments
Rs 10,000/-
15. Net profits
Rs 22,000/-
16. Closing stock
Rs 12,000/-
17. Outstanding salary
Rs 1,000/-
18. Prepaid rent
Rs 1,000/-​

Answer 1

Answer:

Something is missing or any value is wrong.

Asset side is excess with 3000.