2-From the following information given below:-Prepare the Balance sheet and calculate the share capital of the Riyadh Insurance & welfare organization as on 31-12-2017. Read the table carefully, choose the items as per your requirement. (5 marks)

Particulars	Amount
cash	2,450,000
bank	4,650,000
short term loan	860,000
bank loan	2,650,000
loan from intermediaries	85,000
net profit	1,550,000
building	350,000
accumulated depreciation on building	65,000
motor	175,000
accumulated depreciation on motor	35,000
equipment	225,000
accumulated depreciation on equipment	55,000
Insurance share capital	?
investments, at fair value	6,575,000
salary payable	235,000
overhead payable	75,000
interest receivable	375,000
debtors	95,000
Commission/ insurance receivable	90,000
due to general fund / insurance fund	2,450,000
Insurance account payable	175,000

Solution

Particulars	Amount	Amount