Question

Question 15 A merchant has earned a Net Profit of 57,200 for the year ended 31st March 2017 Other balances in his Ledger are as under: Dr. Balances Cr. Balances 7 Cash at Bank 4,800 Bills Payable 3,200 Cash in Hand 1,200 Creditors 61,300 Furniture and Fixtures 7,500 Loan 50,000 Debtors 80,100 Capital 3,32,300 Closing Stock 70,000 Motor Car 40,000 Building 1,50,000 Plant and Machinery 1,20,000 Bills Recelvable 4,400 Investments 20,000 Drawings 6,000 Prepare his Balance Sheet as at 31st March ​

Answer 1

Answer:

balance sheet total=498000