Question - 20

From the given information, prepare a balance sheet of shine and bright Ltd. company for the year ending 31st March 2015:

Preliminary Expenses Rs. 2,40,000; Goodwill Rs. 30,000; Discount on issue of debentures Rs. 20,000; Loose tools Rs. 12,000; 10% Debentures Rs. 2,00,000; Motor car Rs. 4,75,000; Trading stack Rs. 1,40,000; Provision for tax Rs. 16,000; Cash at Bank Rs. 1,32,000; Bill receivable Rs. 1,20,000.

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