Page 110 - Office Practice and Accounting 10
P. 110
Balance Sheet
Adarsha Company Ltd.
As on 31 December 2015
Capital and Liabilities Amount Assets Amount
Capital 508000 Land and building 300000
Add: net profit 20800 Vehicle 85300
Add: interest on capital 3500 Machinery 52000
Less: drawing 5500 526800 Cash in hand 9000
Outstanding Expenses 4500 Cash at bank 87000
Creditors 12000 Prepaid expenses 6700
Bank overdraft 35000 Debtors 14000
Reserve fund 3200 Closing stock 30000
Provision for tax 2500
584000 Total 584000
14. Prepare balance sheet from the following ledger balance.
Capital 95,000
Drawings 4,000
Investment 34,000
Bank overdraft 12000
Debtors 6,700
Creditors 17,500
Plants and machinery 16360
Cash in hand 9,840
Cash at bank 6600
Furniture and fixtures 10,000
Office equipment 44,000
Net profit 22000
104 Office Practice and Accounting 10
