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From the following information, prepare Balance Sheet of Amit as at 31st March, 2023 arranging the assets and liabilitites – (i) in order of permanence, and (ii) in order of liquidity:

   

Goodwill

Capital

Liabilities for Expenses

Cash in Hand

Investment

Bills Payable

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

Bills Receivable

Plant and Machinery

Provision for Doubtful Debts

Closing Stock

Furniture

Drawings

20,000

63,000

13,000

40,000

2,500

80,000

16,000

30,000

Anurag Pathak Changed status to publish October 26, 2023