Question

the following particulars prepare a balance sheet as on 31-12-2012.
Rs
3.
4.
Particulars
Capital
Drawings
Land and buildings
Machinery
Furniture
6. Motor vans
Cash in hand
8.
Bank over draft
9.
Sundry debtors
Bills receivable
11. Sundry creditors
12. Bills payable
13. Loans (cr)
14. Investments
15. Net profits
16. Closing stock
17. Outstanding salary
18. Prepaid rent
50,000/-
10,000/-
20,000/-
18,000/-
5,000/-
12,000/-
2,000/-
4,000/-
6,000/-
4,000/-
9,000/-
5,000/-
6,000/-
10,000/-
22,000/-
12,000/-
1.000/-
1.000/-
10.​

Answer 1

Explanation:

mistake in the qestion balance sheet is not equal liabilities = 87000,Assets 90000. The difference is 3000, check your qestion .

Answer 2

Explanation:

the following particulars prepare a balance sheet as on 31-12-2012.

Rs

3.

4.

Particulars

Capital

Drawings

Land and buildings

Machinery

Furniture

6. Motor vans

Cash in hand

8.

Bank over draft

9.

Sundry debtors

Bills receivable

11. Sundry creditors

12. Bills payable

13. Loans (cr)

14. Investments

15. Net profits

16. Closing stock

17. Outstanding salary

18. Prepaid rent

50,000/-

10,000/-

20,000/-

18,000/-

5,000/-

12,000/-

2,000/-

4,000/-

6,000/-

4,000/-

9,000/-

5,000/-

6,000/-

10,000/-

22,000/-

12,000/-

1.000/-

1.000/-

10.