liabilties amount assests

Capital Account 500000 2300000 Fixed Assets

Reserves &
Surplus Capital 1800000 furniture
loans(liability) land and building
secured loans 2500000 p amd m
unsecured loans 500000 investments
current liabilites investments
provisions 24000 current assests
sundry creditors' 250600 closing stock
bp 100000 debtors
rent o/s 50000 cash

salaries o/s 50000 bank acs

p and l a/c b/r
o/p 30000 prepaid insurance
current period -220000
less;transferred
total
 FOLLOWING IS THE BALANCE SHEET OF ANB LTD.
As on 31/3/2016
amount
Trading and
3067500

292500 particulars
2300000 op stock
475000 purchases ac
nil gross profit c/o

3151807
1429407 indirect expenses
397000 dep 57500
20000 disc allowed 20000

1247600 electricity 10000

50000 insurance premium 15600
7800 rent 60000
salaries 85000
telephone 5000
net profit
 Trading and p and l ac

amt particulars amt

1729800 sales ac 625000
43000 closing stock 1429407
281607
2054407

253100 gross profit b/f

indirect incomes 120200
disc received 200
profit on sale of
invesrment 120000