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Prepare a balance sheet for the given data. The total investment is 66 crores. (All cash given below are in crores only) Cash=8.9 Accounts receivable=8.1
Prepare a balance sheet for the given data. The total investment is 66 crores. (All cash given below are in crores only)
Cash=8.9
Accounts receivable=8.1
Inventories=10
Oil properties=13.6
Plant equipment=17.9
Marketing facilities=14.9
Accounts payable=4
Accrued taxes=1
Accrued interest=6.1
Outstanding bonds=7
Mortgages=5.2
Outstanding stock=21.6
Earning retained by the company (surplus)=19.2
Provide assets on left side and liabilities on right side and balance the amount as asset=liability.
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