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Make a balance sheet as at 31 June 2022: Capital $5,50,000 Drawings $10,000 Sundry Debtors $1,00,000 Sundry Creditors $80,000 Loan From Bank$20,000 Net profit $1,60,000
Make a balance sheet as at 31 June 2022: Capital $5,50,000 Drawings $10,000 Sundry Debtors $1,00,000 Sundry Creditors $80,000 Loan From Bank$20,000 Net profit $1,60,000 Closing Stock $50,000 Plant and Machinery $1,50,000 Building $1,20,000 Land $3,00,000 Furniture and Fixtures $30,000
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