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  • Balance Sheet - Assignment

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    Ashita Bansal
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    The document provides a balance sheet comparing three methods - sales, collection, and production - for Amritsar Farm. Under each method, the balance sheet lists assets including cash, accounts receivables, land, building, and inventory. Liabilities include current liabilities and equity accounts such as common stock, additional paid-in capital, and retained earnings. Total assets and liabilities are equal for each method.

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    Balance Sheet_Assignment

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    The document provides a balance sheet comparing three methods - sales, collection, and production - for Amritsar Farm. Under each method, the balance sheet lists assets including cash, accounts receivables, land, building, and inventory. Liabilities include current liabilities and equity accounts such as common stock, additional paid-in capital, and retained earnings. Total assets and liabilities are equal for each method.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    Balance Sheet - Assignment

    Uploaded by

    Ashita Bansal
    The document provides a balance sheet comparing three methods - sales, collection, and production - for Amritsar Farm. Under each method, the balance sheet lists assets including cash, accounts receivables, land, building, and inventory. Liabilities include current liabilities and equity accounts such as common stock, additional paid-in capital, and retained earnings. Total assets and liabilities are equal for each method.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Amritsar Farm Assignment

    Balance Sheet
    Sales Method Collection Method Production Method
    Assets
    Cash 30900 30900 30900
    Accounts Receivables 59600 0 151700
    Land 375000 375000 375000
    Building 112500 112500 112500
    Inventory 15390 25650 0
    Total Assets 593390 544050 670100
    Liabilities
    Current 33000 33000 33000
    Common Stock & APIC 457500 457500 457500
    Retained Earnings 102890 53550 179600
    Total Liabilities 593390 544050 670100

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