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Q.4. XML Ltd prepared the following adjusted trial balance at December 31, 2018. Note that accounts are given randomly (in Rs). Prepare a classified Balance
Q.4. XML Ltd prepared the following adjusted trial balance at December 31, 2018. Note that accounts are given randomly (in Rs). Prepare a classified Balance sheet of the company using the following records. [8] Account Payable Rs 15000 Inventory 25,000 Account receivable - 18,000 Mhand 30,000 Accumulated Depreciation- 26,200 Prepaid insurance 4,600 Building Advertising expense 12,800 Rent revenue 2,500 Building 100,000 Beginning retained earnings 58,000 (Jan 1, 2018) Owners' capital 60.000 Salaries expense 48,000 Cash 15.000 Salaries payable 4,600 Cost of goods sold 56,500 Sales 150,000 Depreciation expense 2000 Office supplies 1200 Insurance expense 3,800 Supplies expense 2,000 Insurance payable 1900 Unearned rent revenue 700
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