Page 156 - Account 10

Bank overdraft Investment in securities ..........
Sundry creditors .......... Investment in shares/bonds ..........
Bills payables .......... Investment in debentures ..........
Notes payables .......... Preliminary expenses ..........
Outstanding expenses/rent/wages/etc. .......... Research & development expenses ..........
Advance income .......... Survey expenses ..........
Loan and advances from .... .......... Advertisement ..........
Accrued expenses .......... Loan and advance to (staff/...........) ..........
Accumulated depreciation .......... Development expenses ..........
Commission due .......... Cash in hand ..........
Customers’ deposits .......... Bank/Bank deposit ..........
Interest due .......... Debtors ..........
Interest payable .......... Stock (closing stock) ..........
Suppliers .......... Bills receivables ..........
Trade creditors .......... Notes receivables ..........
Unexpired incomes .......... Marketable securities ..........
Provision for depreciation .......... Loose tools ..........
Provision for tax .......... Accrued income/receivable ..........
Other provisions .......... Prepaid expenses ..........
.......... Spare parts ..........
Advance payment / expenses ..........
Book debts ..........
Customers ..........
Outstanding incomes ..........
Petty cash in hand ..........
Store supplies ..........
Trade debtors ..........
Unexpired expenses ..........
Total: .......... Total: ..........
Note: Finally, total amount of capital and liabilities should be equal to total amount of assets.

Illustration - 6
From the following information, prepare a Balance Sheet of ABC Co., Kathmandu as
on 30 Chaitra, 2075:
th
Particulars Amount Particulars Amount
Machinery 2,000 Furniture 955
Building 2,400 Goodwill 3,100
Debtors 7,800 Loan from bank 1,000
Creditors 5,015 Capital 8,500
Closing stock 1,700 Net profit 4,285
Bills payable 900 Bills receivables 1,245
Vehicles 1,035 Reserve 1,300
Cash at bank 755 Cash in hand 10

156 Aakar’s Office Practice and Accountancy - 10 Final Accounts 157