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Create balance sheet for below information: Let s assume that Mr Abhik has started his own textile business. In order to commence the business, Mr
Create balance sheet for below information:
Lets assume that Mr Abhik has started his own textile business. In order to commence the business, Mr Abhik invested about in land. To start the business operations, he opened an account in ICIB Bank with a deposit of invested in plantequipment procured supplies worth and employed workers in the factory. In order to gain the attention of the customers, he offered days of credit period. The business generated total sales of out of which was still receivable. To motivate his workers, Mr Abhik also paid their onemonth wages in advance, totalling He found that by the end of the year, the supplies worth only were in stock. Also, the bank balance was
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