Question

Q#1. Prepare final accounts by using following information. Mr.Tariq Mehmood wants to prepare his balance sheet as on 31st march, 2019 Cash in hand 80,600 Creditors 420,000 3. Capital 1600,000 Building 1700,000 Debtors 200,000 Cash at bank 100,000 Closing balance 100,000 Machinery 400,000 Drawings 34,000 Net profit 446,000 Bills payable 280,000 Expenses payable 20,000 Good will 100,000 Investment 51,400

Answer 1

Answer:

balance sheet total rs. 2732000