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Sugama Ltd. has furnished the following information for the period of 2018-19. Particulars Amount () Cash at Bank 30,000 Inventory 2,50,000 Debtors 75,000 Buildings 5,50,000
Sugama Ltd. has furnished the following information for the period of 2018-19. Particulars Amount () Cash at Bank 30,000 Inventory 2,50,000 Debtors 75,000 Buildings 5,50,000 Plant and equipment's 2,50,000 Vehicles 1,20,000 Current Portion of debt 15,000 Creditors 1,10,000 Tax payable 25,000 Long term loans 7,00,000 Capital 1,00,000 Retained earnings 2,50,000 Current earnings 75,000 From the above details you are required to prepare balance sheet with the above details. (10 Marks)
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