Prepare horizontal balance sheet for the following trial balance.

Finance ManagementAccountingAcademic Content


Dr. ($)Cr. ($)
Premises26000
Furniture14000
Vehicles7000
Inventory3000
Bank5300
Capital
45000
Loan from bank
8000
Trade receivables1500
Trades payables
2800
Net profit
10000
Drawings9000

6580065800

Solution

The solution is given below −


Balance sheet of a company As on 31st March XXXX
Non-current assets$$Liabilities and capital$$




Premises26000
Capital45000
Furniture14000
Net profit10000
Vehicles7000

55000


47000Drawings(9000)46000
Current assets

Non-current liabilities

Inventory3000
Loan from bank
8000
Trade receivables1500



Bank5300
Current liabilities



9800Trade payables
2800


56800

56800
raja
Published on 13-Aug-2020 10:30:14
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