Question - 15

Following is the Assets and liabilities of Shri Ajay Kumar prepare balance sheet on liquidity basis.

Assets : Building Rs. 10,000, Plant & Machinery Rs. 3,900, Debtors Rs. 2,200, Closing stock Rs. 2,400, Furniture Rs. 150, Drawings Rs. 191.
Liabilities : Capital Rs. 15,250, Loan Rs. 500, Net profit Rs. 1,811, Creditors Rs. 1,280.