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  • Neel and Company Balance Sheet: Liabilities Capital Account 77,000.00 Assets Fixed Assets 16,000.00

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    The balance sheet shows Neel and Company had total assets of Rs. 95,000 as of April 1, 2018, with fixed assets of Rs. 16,000 including furniture and stationery, current assets of Rs. 74,000 including stock, debtors and cash, and profit/loss of Rs. 5,000. On the liabilities side, the company had a capital account of Rs. 77,000, loans of Rs. 12,000 and current liabilities of Rs. 6,000.

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    The balance sheet shows Neel and Company had total assets of Rs. 95,000 as of April 1, 2018, with fixed assets of Rs. 16,000 including furniture and stationery, current assets of Rs. 74,000 including stock, debtors and cash, and profit/loss of Rs. 5,000. On the liabilities side, the company had a capital account of Rs. 77,000, loans of Rs. 12,000 and current liabilities of Rs. 6,000.

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    10 views1 page

    Neel and Company Balance Sheet: Liabilities Capital Account 77,000.00 Assets Fixed Assets 16,000.00

    Uploaded by

    waseemkhan
    The balance sheet shows Neel and Company had total assets of Rs. 95,000 as of April 1, 2018, with fixed assets of Rs. 16,000 including furniture and stationery, current assets of Rs. 74,000 including stock, debtors and cash, and profit/loss of Rs. 5,000. On the liabilities side, the company had a capital account of Rs. 77,000, loans of Rs. 12,000 and current liabilities of Rs. 6,000.

    Copyright:

    © All Rights Reserved
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    Neel and Company

    Balance Sheet
    For 1-Apr-2018

    Liabilities as at 1-Apr-2018 Assets as at 1-Apr-2018

    Capital Account 77,000.00 Fixed Assets 16,000.00


    Drwaing A/c (-)3,000.00 Furniture A/c 15,000.00
    Neel Capital A/c 80,000.00 Statinary A/c 1,000.00

    Loans (Liability) 12,000.00 Current Assets 74,000.00


    Loan From Parl A/c 12,000.00 Closing Stock
    Sundry Debtors 10,000.00
    Current Liabilities 6,000.00 Cash-in-Hand 64,000.00
    Sundry Creditors 6,000.00
    Profit & Loss A/c 5,000.00
    Opening Balance
    Current Period 5,000.00

    Total 95,000.00 Total 95,000.00

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