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Q.3 Describe importance of Balance sheet? Alpha Corporation have the following the data are given below. 2018 2019 $ $ Cash 167971 181210 Prepaid 4806

Q.3 Describe importance of Balance sheet? Alpha Corporation have the following the data are given below. 2018 2019 $ $ Cash 167971 181210 Prepaid 4806 5513 Inventory 7805 9601 Property 45500 42350 Account receivables 5100 5904 Good will 3580 3460 Accrued expense 1320 1541 Accounts payable 3902 4800 Unearned revenue 1540 1560 Long term debt 50000 50000 Other long term liability 5526 5872 Share Capital 170000 170000 Retained Earnings 2474 14265 Required: Prepare Consolidated Balance sheet

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