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Receipt: from sales & marketing debtor:Rs 11,32,000, Commission:Rs 12,000, Total:Rs 11,44,000. Payments: purchase &Creditor:Rs7,22,000, operating expenses: Rs1,12,000, loan refund:Rs 1,25,000, intrest on loan paid:Rs 32,000,
Receipt: from sales & marketing debtor:Rs 11,32,000, Commission:Rs 12,000, Total:Rs 11,44,000. Payments: purchase &Creditor:Rs7,22,000, operating expenses: Rs1,12,000, loan refund:Rs 1,25,000, intrest on loan paid:Rs 32,000, computer purchase for office parties on july1,2019 (expected life 5yrs): Rs 50,000, insurance on july,2019(1year):Rs 12,000, owner household expense:Rs 20,000, Total:Rs 10,73,000. owner equity:Rs 8,00,000, retained earing: Rs 5,20,000, loan: Rs 5,25,000 sundry creditor: Rs 1,25,000, outstanding operating expenses:Rs32,000, land: Rs 5,00,000, building:Rs 8,00,000, accm depreciation:Rs 1,20,000, debtor: Rs2,20,000 insurance prepaid:Rs 3000, inventroy:Rs 5,32,000, cash at bank:Rs 67000. Additional Information: Balance on Mach 31, 2020: Sundry Debtors: Rs 2, 80,000 Sundry Creditors: Rs 1, 22,000 Inventory Rs 6,30,000 Operating Expenses paid in advance Rs 21,000 Building was purchased on April 1, 2015. Its expected life is 20 years. Prepare Balance sheet of Joy & Co. as on March 31, 2020
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