Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q4)From the following particulars, prepare a balance sheet of Mr. Akshat as at Mar Marth 2w2i Capital 880.000 Contwill ? 20,000 Prepaidt ypenses 210,000 Investment

image text in transcribed

Q4)From the following particulars, prepare a balance sheet of Mr. Akshat as at Mar Marth 2w2i Capital 880.000 Contwill ? 20,000 Prepaidt ypenses 210,000 Investment 20.000 Debtor 26.400 Creditors 14.200 Loan From Jay 220.000 Cash at bank 17.200 Fumiture 3.700 Plante 50.000 OutstandingExpenses 10.000 Netprotit 21.300 Generalreserve 1.000 Closingstoch 14:800 BillsRecervable 25.000 BillsPayable 20.000 Advancelncome 5,000 Drawings 4,400 seles 10,0000 Calculate current ratio liquidity ratio net profit ratio

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

16th Edition

78110939, 978-0078110931

More Books

Students also viewed these Accounting questions

Question

How does corporate communication differ from brand communication?

Answered: 1 week ago

Question

Why is television the strongest medium for COBA?

Answered: 1 week ago

Question

What is the primary role of advertising in IMC?

Answered: 1 week ago