Question - 14

From the following assets and liabilities prepare the balance sheet of mustafa :

Cash in hand Rs. 3,000
Plant and machinery Rs. 9,625
Building Rs. 28,875
Creditors Rs. 2,500
Bank loan Rs. 4,000
B/R Rs. 1,500
Drawings Rs. 1,250
Debtors Rs. 6,000
B/P Rs. 1,000
Capital Rs. 37,500
Fixtures Rs. 750
Net profit Rs. 8,000.