Adjustment Entry

Balance Sheet
1-Apr-2023 to 31-Mar-2024

Liabilities as at 31-Mar-2024 Assets as at 31-Mar-2024

Capital Account 65,755.00 Fixed Assets 64,000.00

Capital 71,000.00 Building 30,000.00
Drawing (-)5,245.00 Freehold 10,000.00
Machinary 18,000.00
Loans (Liability) Patents 6,000.00

Current Liabilities 7,800.00 Current Assets 27,245.00

Sundry Creditors 6,300.00 Closing Stock 6,800.00
O/ S 1,500.00 Sundry Debtors 13,775.00
Cash-in-Hand 540.00
Profit & Loss A/c 17,690.00 Bank Accounts 2,630.00
Opening Balance Prepaid Insu 1,500.00
Current Period 17,690.00 2,000.00
Prepaid Weges

Total 91,245.00 Total 91,245.00