Question
Following balance are reported by Allay Corp for the year ended 2019: a) Cash $8,000 b) Bank $12,000 c) Sundry Creditors $40,000 d) Prepaid
Following balance are reported by Allay Corp for the year ended 2019: a) Cash $8,000 b) Bank $12,000 c) Sundry Creditors $40,000 d) Prepaid Insurance $1,000 e) Outstanding Wages $2,000 f) Accrued Commission $1,200 g) Closing stock $90,000 h) Machinery $212,000 i) Capital $320,000 j) Retained Earnings $84,800 k) Debtors $86,000 1) Bills Receivable $40,000 m) Outstanding Salaries $2,000 Prepare the correct balance sheet.
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Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
Authors: M Hanif, A Mukherjee
2nd Edition
935260556X, 9789352605569
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