Question

7. From the following particulars prepare a balance sheet as on 31-12-2014.
1.Capital
Rs 16,000/-
2.Bank loan (cr)
Rs 4,000/-
3. Creditors
Rs 2,400/-
4. Bills payable
Rs 1,000/-
5. Cash in hand
Rs 600/-
6. Plant and machinery Rs 7,520/-
7. Sundry debtors Rs 7,700/-
8. Drawings
Rs 2,000/-
9. Cash at bank
Rs 2,000/-​

Answer 1

Answer:

liabilities. Asset

Capital. 16000. cash in hand. 600

Bank loan 4000. plant&machi. 7520

Creaditors 2400. sundrydebtor. 7700

Bills payable 1000. cash at bank. 2000

drawings. 2000