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From the Balance Sheet given below, calculate:

(i) Fixed Assets

(ii) Current Assets

(iii) Current Liabilities

(iv) Working Capital

Balance Sheet as at 31st March, 2023

Liabilities Assets

Trade Creditors

Expenses Accrued

Bank Overdraft

Long-Term Loan

Interest on Loan

Capital

42,000

3,200

4,800

20,000

1,000

93,400

Stock in Hand

Debtors

Prepaid Expenses

Goodwill

Land

Plant

Furniture

48,000

36,000

400

20,000

20,000

32,000

8,000

  1,64,400   1,64,400

[(i) Fixed Assets – ₹ 80,000; (ii) Current Assets – ₹ 84,400; (iii) Current Liabilities – ₹ 51,000; (iv) Working Capital – ₹ 33,400.]

Anurag Pathak Changed status to publish October 12, 2023
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