From the following information, prepare Balance Sheet as at 31st March, 2023 arranging the assets and liabilities – (i) in order of permanence and (ii) in order of liquidity:
From the following information, prepare Balance Sheet as at 31st March, 2023 arranging the assets and liabilities – (i) in order of permanence and (ii) in order of liquidity:
|  | ₹ |  | ₹ |
|
Goodwill Capital Liabilities for Expenses Cash in Hand Investment Bank Loan Net Profit Sundry Debtors Land and Building |
20,000 1,80,000 1,200 1,000 20,000 10,700 92,600 50,000 60,000 |
Bank Sundry Creditors Furniture Plant and Machinery Provision for Doubtful Debts Closing Stock Furniture Drawing |
20,000 63,000 13,000 40,000 2,500 80,000 16,000 30,000 |
[Balance Sheet Total – ₹ 3,17,500.]
Anurag Pathak Changed status to publish October 12, 2023
