Question

Prepare a balance sheet as on 31-3-2017
cash 50,000
Bank 50,ooo
Stock 40,000
Debtors 20,000
Furniture 30,000
Machinery 30,000
Capital 1,60,000
Net profit 20,000
creditors 20,000
Bill Payable 5.000
bank loan 10000
loan from dinesh 5000​

Answer 1

Answer:

Since there is no space below , here so the total of both sides is Rs 2,20,000

Explanation:

                                      Balance Sheet as on 31-3-17

Liabilities                  Amount (Rs)                      Asset                         Amount(Rs)

Capital    -   1,60,000                                            Cash                            50,000

(+) NP     -       20,000    1,80,000                         Bank                            50,000

Creditors                           20,000                       Stock                             40,000

Bill Payable                          5,000                     Debtor                            20,000

Bank Loan                         10,000                       Furniture                         30,000

Loan from Dinesh               5,000                      Machinery                       30,000