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BALANCE SHEET
As on 31 March, 2019
st
Liabilities Amount Amount Assets Amount Amount
` ` ` `
Capital : Kranti 1,20,000 Plant & Machinery 15,000
Less : Net Loss 4,706 1,15,294 Less : Depreciation 2,000 13,000
Capital : Sumangala 40,000 Furniture 12,500
Less : Net Loss 1,569 38,431 Less : Depreciation5% 625 11,875
Outstanding Expenses Sundry Debtors 1,00,000
Wages 800 Less : Bad Debts 800 99,200
Salaries 700 1,500 Bills Receivable 8,500
Sundry Creditors 30,000 Investment 32,000
Bills Payable 15,000 Cash in Hand 3,775
Closing Stock 28,000
Prepaid Insurance 1,875
Prepaid Rent 2,000
2,00,225 2,00,225
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