Question

C) Personal Account
D) Representative Personal Account
88) At the end of financial year 2015-16, the ledger
firm shows the following balances to prepare a bala
sheet.
1. Capital - Rs. 4,00,000/- DV
2. Net profit for the year 2015-16 - Rs. 3,00,000/-
3. Accrued Income - Rs. 1,00,000/-
4. Provision for taxes - Rs.75,000/- DV
5. Cash and Bank account - Rs. 1,25,000/-
6. Investments - Rs. 2,00,000/-
7. Liabilities - Rs. 80,000/- DV
8. Fixed assets - Rs. 4,30,000/-
What will be the total of the Balance Sheet?
A) Rs. 5,55,000
B) Rs. 7,80,000
C) Rs. 8,55,000
D) Rs. 9,55,000
89) The credit balance of retained earnings state​

Answer 1

Answer:

Total if liability side = 400000+300000+75000+80000= 855000

Toral of assets sude = 100000+125000+200000+430000=855000