Q1. Balance sheet of Trinidad Ltd. for the year ending 315t December, 2008&2009 are as follows .You

QI. Balance sheet of Trinidad Ltd. for the year ending 31st December, 2008 & 2009 are as follows .You arere uired to re are a com arative balance sheet form and ive our comments on Fixed Assets. 31st 31st LIABILITIES Equity Share December,2006) December,2007) ASSETS Furniture Stock Debtors Building Other Asset Cash 31st 31st December, December,2006) Capital 12 0/0 Preference Share Capital General Reserves 15% Debentures Creditors Bills Payable Tax Pa able 40,000 90,000 60,000 90,000 60,000 20,000 2007B) 70,000 1, 10,000 40,000