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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