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    The balance sheet shows M/s Albert and Brothers had total liabilities of Rs. 63,100 as of April 1st, 2022, with capital contributions of Rs. 50,000 from Albert and current liabilities of Rs. 13,100. On the assets side, they held fixed assets worth Rs. 17,100 including furniture, machinery and a typewriter, along with current assets of Rs. 42,500 including accounts receivable, cash, and bank balances, for a total of Rs. 63,100.

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    The balance sheet shows M/s Albert and Brothers had total liabilities of Rs. 63,100 as of April 1st, 2022, with capital contributions of Rs. 50,000 from Albert and current liabilities of Rs. 13,100. On the assets side, they held fixed assets worth Rs. 17,100 including furniture, machinery and a typewriter, along with current assets of Rs. 42,500 including accounts receivable, cash, and bank balances, for a total of Rs. 63,100.

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    © All Rights Reserved
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    5 views1 page

    BSheet

    Uploaded by

    Mahesh Pawar
    The balance sheet shows M/s Albert and Brothers had total liabilities of Rs. 63,100 as of April 1st, 2022, with capital contributions of Rs. 50,000 from Albert and current liabilities of Rs. 13,100. On the assets side, they held fixed assets worth Rs. 17,100 including furniture, machinery and a typewriter, along with current assets of Rs. 42,500 including accounts receivable, cash, and bank balances, for a total of Rs. 63,100.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    M/s Albert and Brothers

    Balance Sheet
    For 1-Apr-22

    Liabilities as at 1-Apr-22 Assets as at 1-Apr-22

    Capital Account 50,000.00 Fixed Assets 17,100.00


    Albert Capital 50,000.00 Funiture 5,000.00
    MACHINERY 10,000.00
    Loans (Liability) Typewrite 2,100.00

    Current Liabilities 13,100.00 Current Assets 42,500.00


    Sundry Creditors 13,100.00 Sundry Debtors 14,000.00
    Cash-in-Hand 9,000.00
    Bank Accounts 19,500.00

    Profit & Loss A/c 3,500.00


    Opening Balance
    Current Period 3,500.00

    Total 63,100.00 Total 63,100.00

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