Question

Balance Sheet of A as on 1st January, 2015
3 ₹
Liabilities
A's Capital Account
B's Loan Account
Trade payables
Less: Reserve for Discount
18,500
13,600
7,500
(150)
Assets
16,300 Plant and Machinery
29,200 Inventories
Trade receivables
7,350 Less: Prov. for Bad Debts
Balance at Bank
Cash
52,850
15,000
(750)
14,250
6,000
500
52,850
​

Answer 1

Answer:

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