Question - 13

Prepare balance sheet of Shri Virendra batra from the following balances as on 31st March 2000.

Capital Rs. 60,000
Creditors Rs. 5,000
Bills payable Rs. 900
Buildings Rs. 20,000
Machinery Rs. 18,000
Debtors Rs. 19,000
Bills receivable Rs. 5,000
Cash in hand Rs. 6,000
Bank overdraft Rs. 15,000
Furniture Rs. 1,000
Net profit Rs. 13,100
Closing Stock Rs. 25,000